Despite Platinum price’s positive rebound yesterday, its consolidation below 790.00 resistance confirms the preparation to achieve new negative targets in the near term and medium term period, while achieving this urges us to wait the price to decline below 748.00 barrier to open the way to move towards the next negative station at 680.00.
Stochastic continuous consolidation below 50 level increases the chances of gathering the negative momentum to confirm the preparation to form new negative attack in the near term and medium term period.
Expected trading range for today is between 800.00 and 748.00
Expected trend for today: Bearish