Platinum seeks the bearish momentum – Analysis – 6-7-2018

Platinum price repeated the mixed sideways trading, affected by stochastic attempt to exit the oversold areas, to continue fluctuating below the initial resistance at 855.00, expecting to continue forming sideways trading conditioned by the stability of the current resistance until succeeding to gather the required momentum followed by resuming the negative attack by targeting 790.00 followed by 750.00 levels.

We remind you that attempting to surpass the initial resistance will confirm postponing the negative attempts and increase the chances of reaching the key resistance at 880.00 followed by starting to form the suggested negative trading.

Expected trading range for today is between 855.00 and 790.00

Expected trend for today: Bearish