Platinum price continued forming bearish corrective trading, affected by forming additional barrier at $2060.00 level, reaching the initial support at $1950.00, to achieve the previously suggested corrective target.

 

The continuation of the negative pressure, specifically by stochastic attempt to reach the oversold level, which might force the price to suffer extra losses by reaching 1910.00 followed by the next support at $1865.00, while breaching $2060.00 level, and holding above it will provide a chance for renewing the bullish attempts by its rally towards $2130.00.

 

The expected trading range for today is between $1910.00 and $2030.00 

 

Trend forecast: Bearish