Platinum still stuck – Analysis – 10-10-2018

Platinum price didn’t provide any new by its repeated confinement between 832.00 barrier that represents the moving average 55, and the main support at 791.00, the stability of the levels currently makes us prefer the negative attempts temporarily until reaching the critical support, then monitoring the price behavior to detect the main trend in the upcoming trading.

Note that the price success to breach the current barrier will cancel the negative overview, to begin forming a bullish rally, to expect targeting 855.00 and 871.00 level.

Expected trading range for today is between 832.00 and 791.00

Expected trend for today: Bearish