Platinum price affected by temporary negative pressure since Friday, which pushes it to form bearish corrective waves, to test the additional support at $1950.00, to bounce currently towards $2045.00, to settle above the moving average 55.

 

The stability of the support level and stochastic attempt to provide positive momentum by the main indicators will increase the chances of the rally towards $2075.00 and providing a positive close above it will open the way for resuming the bullish trend, expecting to reach $2130.00 followed by the next barrier at $2205.00.

 

The expected trading range for today is between $1970.00 and $2130.00

 

Trend forecast: Bullish