Platinum price formed a new bearish attack with the beginning of today’s trading, to approach from the targeted obstacle near $2010.00, which forced it to form bullish corrective rebound, to settle near $2100.00.

 

The bullish corrective rebound will not threaten the main bearish trend, depending on the main stability below $2210.00, besides the continuation of providing negative momentum by the main indicators, therefore, we will keep the bearish attempts in the current period, which might target 2040.00 and 2010.00 level.

 

The expected trading range for today is between $2010.00 and $2150.00

 

Trend forecast: Bearish