Platinum price kept providing sideways trading until this moment, due to its repeated confinement between $1780.00 support, while $1905.00 level represents a strong barrier against the attempts of resuming the bullish trend.

 

Noticing that stochastic exit the overbought level, which might push the price to provide corrective trading to test the mentioned sideways trend, while surpassing the barrier and holding above it will open the way for resuming the bullish trend, to expect targeting $1955.00 and $1990.00 level.

 

The expected trading range for today is between $1805.00 and $1905.0

 

Trend forecast: Sideways