Platinum is under negative pressures- analysis- 26/8/2014
Platinum price achieved a new negative close to notice its stability at 1415.00 level which represents the beginning of the price release to the downside and below the bullish channel’s support, therefore, we prefer the continuation of forming new bearish waves and to support achieving 1395.00 level in the near period.
We remind you that surpassing 1395.00 barrier will add more negative pressure and to allow platinum price to achieve 1360.00 level to confirm the bearish bias domination in the upcoming period.
Expected trading range is between 1425.00 and 1395.00
Expected trend for today: bearish