Platinum price faced a key support extension in its last negative attempts near$1488.00, which forces it to delay the bearish corrective scenario and begin providing sideways trading, fluctuating near $1530.00.

 

Providing bullish momentum by the main indicators, especially with stochastic exit from the oversold level that might help it to provide new chance for achieving some gains by its rally towards $1575.00 then repeating the pressure on the barrier at $1605.00.

 

The expected trading range for today is between $1500.00 and $1575.00

 

Trend forecast: Bullish