Platinum price remains affected by stochastic positivity, which contradicts the bearish corrective scenario, recording some extra gains by reaching $1913.00 level, the price keeps providing positive trading until testing the bearish channel’s resistance at $1968.00, to begin forming new bearish waves to activate the bearish corrective scenario again.

 

The moving average 55 stability is near the previously mentioned resistance, to support the stability of the chances of targeting the negative stations, holding near $1835.00 and $1745.00 level.

 

The expected trading range for today is between $1775.00 and $1950.00

 

Trend forecast: Bearish