Platinum price touched 990.00$ level during the last bullish rally and formed some sideways trades by fluctuating near 983.00$ level that formed an obstacle against the bullish attempts recently.

 

We notice stochastic attempt to crawl towards the overbought areas to increase the chances of gaining the additional positive momentum to manage to resume the bullish attack, waiting to target 998.00$ level soon, followed by reaching the next target at 1012.00$, assuring the importance of holding above 968.00$ that forms additional support against the bullish attempts.

 

The expected trading range for today is between 974.00$ and 998.00$

 

Trend forecast: Bullish