Platinum price continued to form negative trading to reach 890.00$, to begin decreasing the losses by its rebound above the support at 900.00$ level, which represents a historical support as appears in the above image, recovering some of the losses by its stability near 933.00.

 

Note that the price stability below the broken bullish channel’s support at 958.00$, which forms a main factor to confirm the negative scenario, therefore, we will keep waiting for gathering extra negative momentum, attempting to renew the pressure on the mentioned historical support, while breaking it will extend the losses towards 858.00$ and 880.00$. 

 

The expected trading range for today is between 880.00$ and 945.00$

 

Trend forecast: Bearish