PLATINUM PRICE LOWER NOW THAN WHEN STRIKE STARTED

PLATINUM PRICE CAN GO LOWER IN SHORT TERM

It's hard to believe that the platinum price has not gone higher given that the South African platinum mining industry has been brought to a standstill since the strike started January 23.Now InvesTRAC's short term model is suggesting that price can go lower  with the forecast showing lows June 30 and July 21. The daily chart below shows that price has been locked in a trading range between 1403 and 1484 for the past few months...currently it is encountering a measure of support from its 200 day moving average but looks like it is on its way to test the 1403 support level.