Platinum price provided new negative close below the initial resistance at $2245.00, to activate with stochastic negativity by forming some bearish waves, approaching the initial target at $2125.

 

The fluctuation below the moving average 55 will increase the chances of resuming the bearish attack, to expect providing new bearish pressure on $2125.00 level, and breaking it might extend the trading towards $2080.00 and $2040.00.

 

The expected trading range for today is between $2080.00 and $2195.00

 

Trend forecast: Bearish