Platinum price failed to confirm surpassing the barrier at $1420.00, forcing it to form a new bearish correctional rebound, testing the minor bullish channel’s support at $1370.00.

 

Despite the attempt of the price stability above the mentioned support, the continuation of forming strong obstacle at $1420.00 level might activate the bearish correctional track, therefore, we recommend waiting for breaking the current support, then begin gathering some of the gains by targeting 41345.00 and $1330.00.

 

The expected trading range for today is between $1330.00 and $1400.00

 

Trend forecast: Bearish