Despite the weak trading of Platinum price recently, its stability above the moving average 55 reinforces the stability of the extra support at $1382.00, besides stochastic attempt to provide positive momentum, these factors assist confirming the continuation of the positivity, to keep waiting for breaching the obstacle of $1408,00 to ease the mission of achieving the main targets that begin at $1435.00.

 

The risk of changing the main trend is represented by attempting to break the critical support at $1355.00, forcing it to form strong bearish waves, to expect reaching $1302.00 initially reaching to 38.2%Fibonacci correction level at $1255.00. 

 

The expected trading range for today is between $1375.00 and $1425.00

 

Trend forecast: Bullish