Platinum still negative – Analysis – 12-6-2017

Platinum price continues to provide clear negative trading by its stability below the main bearish channel’s resistance at 960.00, also forming strong barrier by the stability of the moving average 55 above the price trading increases the negative pressure, to keep waiting for the price to begin achieving the negative targets by reaching 910.00 and 8850.00.

Stochastic reach to the oversold level confirms our bearish suggestion by providing extra negative momentum, which eases the price attempts to achieve the waited targets. 

Expected trading range for today is between 960.00 and 910.00

Expected trend for today: Bearish