Platinum price activated the bullish rally by surpassing the extra barrier at $1366.00 reaching $1433.00, then bounces below2.618%Fibonacci extended level at $1420.00 forming bearish correctional waves.

 

The stability of the price within the bullish channel’s levels, accompanied by the continuation of forming strong extra support at $1330.00 level reinforces the dominance of the bullish track, to wait for breaching $1420.00 level, opening the way for reaching new bullish stations that might extend to $1458.00 reaching $1507 in the upcoming period trading.

 

The expected trading range for today is between $1375.00 and $1458.00

 

Trend forecast: Bullish