Platinum price crawls negatively – Analysis – 7-12-2022

Platinum price continued to form slow negative crawl affected by the contradiction between the major indicators, in addition to the stability of 1040.00 barrier, to force it to postpone the bullish attack for now.

Stochastic continues to provide the positive momentum, which might force the price to test 965.00 level before recording any new positive target, while gathering the positive momentum will assist activate the bullish trades, to expect reaching 1010.00 followed by pressing on the mentioned barrier in order to resume the rise and reach the next main target at 1070.00.

The expected trading range for today is between 975.00 and 1010.00

The expected trend for today: Bullish