Platinum price started to get the positive momentum after stochastic exit from the oversold areas, forming some bullish waves to approach 955.00$ obstacle, assuring the importance of surpassing this obstacle to open the way to record many gains by rallying towards 983.00$ level first, followed by reaching 1005.00$ on the near-term basis.

 

The risks of changing the bullish trend will appear in case the price formed sharp decline to settle below 920.00$ level, to return to fluctuate within the minor bearish channel that appears on the chart.

 

The expected trading range for today is between 930.00$ and 965.00$

 

Trend forecast: Bullish