Platinum resumes the decline – Analysis – 9-3-2017

Platinum price managed to achieve clear break to 950.00 level, to surpass an important barrier to confirm the continuation of the bearish bias domination in the upcoming period, therefore, we will keep waiting for recording new negative targets that might extend in the near period to 913.00 reaching to 912.50, conditioned by the stability of the support to avoid any unexpected positive rebound.

Stochastic stability within the oversold level increases the negative pressure on the trading, which provides extra momentum to assist to reach the suggested targets.

Expected trading range for today is between 950.00 and 912.00

Expected trend for today: Bearish.