Platinum price continued to provide weak sideways trading by its continued fluctuation near $2040.00 level, affected by the continuation of the main indicators, to obstruct the chances of resuming the previously bullish trend.

 

Stochastic reach below 50 level might increase the intraday negative pressures on the trading, to expect reaching the moving average level 55 at $1990.00, attempting to test the extra support near $1950.00, while holding above $2110.00 will motivate the bullish trend, to keep waiting for recording the extra target near $2155.00 and $2205.00.

 

The expected trading range for today is between $1990.00 and $2100.00

 

Trend forecast: Fluctuating