Platinum price attempted to surpass the negative pressures by forming some bullish waves, achieving $2145.00 level to settle above the moving average 55, noting that this rebound will not confirm regaining the bullish trend, due to the continuation of forming an important barrier at $2245.00 level, which makes us prefer the sideways bias dominance in the current period trading until gathering negative momentum, which allows it to decline below $1950.00, to target the corrective stations near $1860.00 and $1740.00.

 

While breaching the barrier and holding above it, will increase the chances of recording several gains, to expect its rally towards $2340.00 to press on $2425.00 barrier.

 

The expected trading range for today is between $1780.00 and $2070.00

 

Trend forecast: Bearish