Platinum price attempted to exit the bearish track, by surpassing the minor bearish channel’s resistance at $1940.00, facing the moving average 55, forming an extra barrier at $1980.00, which forces it to provide weak sideways fluctuation by its stability near $1950.00.

 

The stability below the moving average 55 will increase the chances of its return to the negative track, to reach $1865.00 and $1810.00, while its success by surpassing the moving average 55 and holding above it will open the way towards recording extra gains that might extend in the initial period towards $2040.00 and 2090.00.

 

The expected trading range for today is between $1865.00 and $1980.00

 

Trend forecast: Bearish by the stability of the barrier