Platinum price surprised by a new obstacle at $1355.00, decelerating the chances of resuming the bullish attempts, which force it to form sideways fluctuation near $1345.00 level, by the above image we notice forming an important extra support at $1326.00 to reinforce the dominance of the bullish bias, increasing the chances for gathering the positive momentum in the current period.

 

Therefore, we will keep our bullish scenario depending on the stability of the extra support, to wait for breaching the extra barrier to open the way for achieving more of the gains by its rally towards $1383.00 reaching $1408.00.

 

The expected trading range for today is between $1335.00 and $1383.00

 

Trend forecast: Bullish