Platinum price formed a clear correctional decline, to test the minor bullish channel’s support at $1324.75, to achieve the suggested correctional target in the previous report, then begin forming bullish waves to settle near $1363.00.

 

The continuation of the fluctuation within the bullish channel’s levels is expected, depending on the stability of the support to expect its rally to $1382.00 and $1400.00. While breaking the support and providing a negative close will confirm its readiness to resume the bearish correctional attack, and $1302.00 level represents the extra negative target.

 

The expected trading range for today is between $1330,00 and $1382.00

 

Trend forecast: Bullish