Platinum price surrendered to the negative pressure recently, resuming the bearish corrective attack, which forces it to break the extra support at $2250.00, suffering big losses by reaching $2003.00.

 

The price might be forced to reach %100 Fibonacci extension level at $1950.00, as long as it forms a key support against the last bullish rally, as the stability above this support will allow it to provide a chance to renew the bullish attempts, to step above $2250.00 to record some gains that begin at $2350.00 and $2420.00.

 

The expected trading range for today is between $1950.00 and $2250.00

 

Trend forecast: Bullish