Platinum price confirmed delaying the bullish attack by its exit from the minor bullish channel’s levels, providing repeated negative pressure on the support that is represented by $1365.00 level, taking advantage of the stability of stochastic below 80 level and providing negative momentum.

 

Note that the bearish correctional scenario will remain valid in he current period trading, depending on forming a strong barrier at 1420.00 level, which makes us prefer targeting the correctional stations that begin at $1345.00 and $1330.00.

 

The expected trading range for today is between $1330.00 and $1400.00

 

Trend forecast: Bearish