Platinum price attempted to face the negative pressures by providing repeated positive closes above 2.00%Fibonacci extended level at $1330.00 level, forming extra support against the bearish correctional attempts.

 

The stability of the extra support, we will begin preferring the bullish attempts that targets $1375.00, then attempt to press on the barrier near $1420.00, while breaking the current support will force it to suffer extra losses that might extend to $1315.00 and $1301,00.

 

The expected trading range for today is between $1330.00 and $1375.00

 

Trend forecast: Bullish