Platinum price activated the bearish correctional track in Friday’s trading after hitting the barrier at $1305.00, to gather some of the gains by reaching $1215.00 achieving the suggested initial target.

 

The continuation of the main indicators contradiction makes us keep preferring the correctional track, which might target $1185.00 and $1162.00 level, while renewing the bullish attempts requires providing positive closes above $1275.00 level, to increase the chances for reaching new bullish stations.

 

The expected trading range for today is between $1185.00 and $1260.00

 

Trend forecast: Bearish