Platinum still negative – Analysis – 7-6-2017

Platinum price approached from the bearish channel's resistance at 966.00 yesterday, affected by stochastic positivity that approaches from the overbought areas, while the stability of the resistance now allows us to continue suggesting the negative domination to wait gathering new negative momentum and repeat the attempts to reach 885.00 that forms the first negative target, followed by extending trading towards the next target at 815.00.

We remind you that succeeding to surpass the current resistance will confirm getting rid of the negative domination and opens the way to start forming bullish attack that targets 980.00 followed by 1040.00 levels, forming one of the main positive targets of the bullish bias.

Expected trading range for today is between 966.00 and 885.00

Expected trend for today: Bearish