Platinum price surrendered to stochastic negativity, providing continuous strong pressure on the extra support at $1520.00 to activate the bearish corrective track.

 

We will keep waiting for confirming the break to open the way for targeting several negative stations that are located near $1480.00 reaching the moving average 55 at $1440.00, while the failure to confirm the break will force it to provide unstable mixed trading, and there is a new chances for testing $1605.00 barrier.

 

The expected trading range for today is between $1482.00 and $1565.00

 

Trend forecast: Bearish