Platinum price forced to provide slow trading in the last period due to the continuation of the main indicators’ contradiction, especially with the stability of moving average 55 below the current trading, to form an intraday support at $1910.00 level.

 

In general, we will keep preferring the bearish corrective scenario, depending on the stability at $2245.00 and the continuation of the bearish momentum by stochastic, we will keep waiting for extra support at $1950.00 and breaking it might extend the losses directly towards $1880.00 reaching the next support at $1785.00.

 

The expected trading range for today is between $1950.00 and $2100.00

 

Trend forecast: Bearish