Commodities

Platinum fluctuates within the negative range– Analysis – 19-8-2019

2019-08-19 10:05:50 GMT (Economies.com)

Platinum price returned to fluctuate above 840.00 level, to delay the negative attack, which forces it to provide new sideways trading, by its stability at 846.00, but the repeated stability below the bearish channel’s resistance at 867.00 increases the negative attack, targeting the support level initially at 790.00.

 

Note that the price success to break 790.00 level and providing negative close below it will reinforce the continuation of the negativity, to expect targeting new negative levels that begin at 748.00 and 680.00.

 

The expected trading range for today is between 860.00 and 790.00

 

The expected trend for today: Bearish.

 

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