Platinum prices ended their latest bearish wave after touching $1418.00, bringing them close to the first additional target at $1400.00. The price then rebounded to settle near the resistance barrier at $1440.00, supported by stochastic stability above the 20 level.

 

The price may now move sideways temporarily while gathering additional negative momentum, which could enable it to confirm a break below the current barrier and resume its bearish movement toward $1400.00, followed by the next target at $1365.00.

 

The expected trading range for today is between $1365.00 and $1455.00

 

Trend forecast: Bearish