Platinum price began gathering positive momentum by stochastic stability above 20 level, to notice attacking the barrier at $1342.00, which forms a key for regaining the bullish bias of the current trading.

 

The contradiction between the moving average 55 with the attempt of regaining the bullish bias makes us monitor the price behavior and wait for the next close to confirm the expected trend of the upcoming trading, as breaching the barrier and holding above $1355.00 will reinforce the chances for achieving several gains that might begin at $1375.00 and $1415.00, while the breach will motivate the bearish correctional track, and there are chance for declining towards $1290.00.

 

The expected trading range for today is between $1325 and $1342.00

 

Trend forecast: Neutral