Platinum still within the negative range – Analysis – 28-3-2019

Platinum price ended its recent trades by providing new negative close below the bearish channel’s resistance at 870.00, to increase the chances of renewing the bearish attack in the near term and medium term period, as gathering new negative momentum will increase the chances of reaching 800.00 followed by targeting 748.00 support line.

On the other hand, rallying above the resistance and getting positive close will confirm the preparation to build strong bullish trades, to expect rallying towards 890.00 level, and surpassing this level might extend trades towards 955.00.

The expected trading range for today is between 870.00 and 825.00

The expected trend for today: Bearish