Platinum surrenders to the major indicators’ negativity – Analysis – 22-6-2020

Platinum price still affected by the major indicators’ negativity despite its consolidation above the key support 676.00, to block the bullish attempts and force it to form new sideways fluctuation by settling at 820.00.

The price won’t manage to resume the bullish attempts unless breaching 870.00 level, to increase the chances of forming new negative crawl and increase the chances of testing the mentioned key support before recording any new positive target.

The expected trading range for today is between 840.00 and 767.00

The expected trend for today: Bearish