Platinum still Bearish – Analysis – 5-7-2018

Platinum price continued to provide intraday sideways trading yesterday to keep its negative stability below the key resistance 880.00, reminding you that 855.00 level forms additional resistance to assist to confirm the continuation of the negativity and wait to renew the pressure on 790.00 level followed by attempting to record the next main target at 750.00.

Any attempt to surpass 855.00 level will confirm postponing the negative attempts until testing the key resistance to increase the chances of gathering the negative momentum followed by repeating the expected bearish attack attempts.

Expected trading range for today is between 855.00 and 750.00

Expected trend for today: Bearish