Platinum price took advantage of the repeated stability above the extra support at $1042.00, to notice forming some bullish trading and recording the initial target by hitting $1071.00.

 

Reminding you that confirming breaching $1070.00 level that represents the extension of the bullish channel’s resistance is important, to confirm its move to a new bullish station that allows it to press on the barrier at $1100.00, while the failure of the breach will force the price to provide mixed trading, and there is chance for renewing the pressure on the support at $1042.00.

 

The expected trading range for today is between $1052.00 and $1080.00

 

Trend forecast: Bullish