Platinum price renewed the negative corrective attempts, affected by the negative factors that is represented by forming strong barrier at $2245.00 level, besides providing negative momentum by the main indicators, to reach the initial target at $1950.00.

 

We expect to provide mixed trading, but its stability below $2085.00 will increase the efficiency of the bearish corrective track, to keep waiting to break the $1950.00 level and begin targeting new stations by reaching $1880.00 and $1785.00.

 

The expected trading range for today is between $1880.00 and $2080.00

 

Trend forecast: Bearish