Platinum settles within the main bearish channel – Analysis – 16-3-2020
Economies.com
2020-03-16 08:04AM UTC
Platinum price confirmed its affection by the bearish bias domination by providing new negative close below the main bearish channel’s resistance at 795.00, noticing recording the first target by reaching 736.00.
The frequent negative stability below the mentioned resistance along with stochastic additional negative momentum signals allow us to expect resuming the negative attack, to target 690.00 level that represents the next negative station of the near term and medium term trades.
The expected trading range for today is between 790.00 and 710.00
The expected trend for today: Bearish
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