Platinum without any change – Analysis – 13-8-2018

No major changes for Platinum price, despite its consolidation within the bearish channel, affected by the strength of the initial support at 790.00, while we will keep suggesting the sideways fluctuation for now until gathering strong negative momentum to increase the chances of achieving the required break followed by extending trades towards the main negative levels at 748.00 followed by 680.00.

We remind you that it is important to hold below 870.00 resistance to confirm the continuation of the negativity for the upcoming trading and avoid any losses that might appear due to forming unexpected correctional bullish trades.

Expected trading range for today is between 850.00 and 790.00

Expected trend for today: Sideways