Platinum price failed to achieve a new positive target, despite its stability within the bullish channel’s levels, affected by stochastic negativity that approaches from 50 level.

 

We expect the trading confinement in sideways range between the extra barrier at $1366.00 and the support level at $1333.00, to suggest the neutrality until the price success to surpass one of them, to provide confirmation signal for the trend, surpassing the barrier will reinforce the chances of recording new gains that might begin at $1400.00, while breaking the support will force it to form a bearish correctional waves, to expect reaching $1303.00 and $1275.00.

 

The expected trading range for today is between $1330.00 and $1366.00

 

Trend forecast: Neutral