Platinum price closed once more below the stable top of $1007.00, maintaining the chances of activating the downward path, with negative signals from the Stochastic, while the price creeped below the 50% Fibonacci retracement level at $983.

 

We expect the price to tackle $964 soon and register a new low to confirm the downward path, thus targeting $955.00 then $941.00 in upcoming trading. 

 

Expected trading range today is between the $964 support and the $995 resistance.

 

Today’s price forecast: Bearish