Despite the continuation of forming weak sideways trading by Platinum price in the last period, its negative stability below the extra barrier at $1695.00 confirms its surrender to the suggested negative scenario, to settle near $1595.00.

 

Stochastic attempt to provide negative momentum by its stability below 50 level makes us prefer reaching $1550.00, where breaking it will open the way for reaching extra negative stations near $1515.00 and $1475.00.

 

The expected trading range for today is between $1515.00 and $1640.00

 

Trend forecast: Bearish