Platinum price surrendered to stochastic negativity this morning, to notice moving towards the minor bullish channel’s support line at 971.00$, hinting postponing the bullish attempts until gathering the positive momentum again.

 

We expect to get sideways trades now, noting that facing additional negative pressures might force it to crawl below the current support line to suffer losses by moving towards 958.00$ followed by attempting to test the next support at 950.00$, while rallying above 983.00$ again will reinforce the chances of renewing the bullish attempts, to target 1005.00$ as a first positive station.

 

The expected trading range for today is between 960.00$ and 983.00$

 

Trend forecast: Bearish temporarily