Platinum price approached the MA55 today by touching 962.00$ level, followed by noticing new rally towards the broken bullish channel’s support line at 979.00$, taking advantage of stochastic exit from the oversold areas.

 

Despite the major indicators’ attempt to provide the positive momentum, the stability below 983.00$ barrier until now will confirm the price affection by the instability situation, within chances to form more negative trades to target 950.00$ level.

 

The expected trading range for today is between 950.00$ and 980.00$

 

Trend forecast: Bearish