Platinum fluctuates below the moving average – Analysis – 8-10-2018

Platinum price suffered intraday negativity recently due to the moving average 55 forming solid barrier by settling at 833.00, to crawl negatively and reach 815.00 level, while the stability of the current barrier allows us to suggest more negative trades until reaching the key support at 793.00, followed by monitoring the price due to the importance of this level to determine the next main trend.

Expected trading range for today is between 832.00 and 793.00

Expected trend for today: Bearish