Platinum prices forced to delay the negative trading due to the continuation of providing positive momentum by stochastic, fluctuating above the minor bearish channel’s resistance, to settle near $1640.00.

 

The price might manage to record some gains by its rally towards $1695.00, however it will not change the main bearish scenario due to its stability below $1745.00 barrier, while the decline below $1600.00 will force it to provide sharp negative trading, to target $1570.00 level reaching the next negative target near $1510.00.

 

The expected trading range for today is between $1600.00 and $1690.00

 

Trend forecast: Fluctuating within the bearish trend