Platinum breaks the silence – Analysis – 14-8-2018

Platinum price succeeded to exit the sideways bias domination to form new negative wave and approach the initial support at 790.00, assuring the importance of breaking the current barrier to confirm the attempt to record new negative targets by moving towards 748.00, forming the first negative station, while the continuous negative pressures might extend trades towards 680.00 in the upcoming period.

We will depend on 850.00 level forming an initial resistance to notice besides stochastic negative slope to assist to provide the required negative momentum to achieve the suggested targets.

Expected trading range for today is between 825.00 and 750.00

Expected trend for today: Bearish