Platinum price faces difficulty to resume the bullish attempts, affected by the stability of the extra barrier at $1605.00 besides the contradiction between the main indicators, especially with stochastic reach below 50 level, to limit the trading between the current barrier and $1525.00 support.

 

We recommend the neutrality for today and monitoring the price behavior until surpassing one of the mentioned levels to confirm the expected trend in the near and medium trading, the decline below this support will force it to delay the bullish attempts and forming new corrective waves, to target $1485.00 and 1440.00 level.

 

The expected trading range for today is between $1525.00 and $1600.00

 

Trend forecast: Neutral