Platinum provides positive signal – Analysis – 18-7-2019

Platinum price succeeded to rally above 840.00 level yesterday, to reinforce the domination of the previously suggested correctional bullish bias, while the price gets its main momentum by stochastic approach to 80 level, to ease the mission of reaching the main bearish channel’s resistance by targeting 880.00 level, followed by monitoring the price behavior due to the importance of this level to detect the next main trend.

The risks of changing the trend will appear by the price attempt to break the initial support 790.00, to activate the negative domination again and increases the chances of suffering losses by moving towards 749.00 followed by 680.00 levels.

The expected trading range for today is between 830.00 and 880.00

The expected trend for today: Bullish