Platinum recorded another negative close below the $1440.00 barrier, confirming its continued commitment to the bearish scenario. The price is currently incurring further losses, touching $1385.00 and approaching the additional target suggested in our previous report.

 

We note that stochastic is stable within oversold levels, increasing the chances of the price gathering further negative momentum and paving the way toward $1365.00, followed by $1325.00. However, reversing the trend and initiating strong bullish waves would require a breakout above $1550.00 resistance.

 

The expected trading range for today is between $1325.00 and $1450.00

 

Trend forecast: Bearish