Platinum price was trapped in a tight range of trading near the $983 barrier on one hand, and  the 55-day SMA support of $964 on the other hand,  therefore we stand neutral until the price commits to a single path.

 

A breach of the current support would send the price towards $950.00, while an upward breach would send it towards $1000.00 first then the next major target at $1017. 

 

Expected trading range today is between $964 and $983.

 

Today’s price forecast: Neutral