Platinum price was little changed despite a host of positive factors, especially positive signals from major indicators, with the price engaging in sideways trading near $990.00, while being impacted by the formation of $1000.00 as an important barrier.

 

The price will likely continue to trade sideways, with a potential of some negative waves towards $976.00 and $964, however, a breach of the aforementioned barrier would open the door for more gains towards $1017.

 

Expected trading range today is between the $975.00 support and the $1000 resistance.

 

Today’s price forecast: Sideways within an upward path