Platinum price approached the MA55 yesterday at 955.00$, affected by the frequent stability below 983.00$ barrier that formed solid obstacle against the attempts to resume the bullish attack recently.

 

We expect to witness mixed trades now, noting that stochastic attempt to provide the negative momentum might push the price to suffer additional losses by crawling towards 940.00$, while succeeding to surpass the barrier and holding above it will reinforce the chances of renewing the bullish attack, to target 1005.00$ as a next station.

 

The expected trading range for today is between 940.00$ and 983.00$

 

Trend forecast: Bearish