Despite the stability of platinum price above $1705.00 support level, it faced negative pressure by stochastic attempt to reach the oversold levels, and forming a strong obstacle at 1840.00 level against the current trading pushed it to form new sideways moves by its stability near $1790.00.

 

Note that the continuation of providing negative momentum by the main indicators might push the price to renew the pressure on the previously mentioned support, to monitor its behavior to detect the suggested targets in the upcoming trading.

 

The expected trading range for today is between $1705.00 and $1840.00

 

Trend forecast: Fluctuating within the bullish trend