Platinum price surpassed some of the negative pressures by stochastic rally to 80 level, keeping its stability above the support of the sideways track that is represented by $1302.00, to rally to the moving average 55, which reinforces the stability of the barrier at $1342.00.

 

We will remain neutral, to keep waiting for surpassing one of the main levels to confirm the expected trend in the near and medium period, breaching the barrier will open the way for achieving more of the gains by the price rally to $1365.00 and $1382.00, while breaking the support and holding below it will activate bearish correctional track, and $1281.00 level represents the initial negative target for the bearish track.

 

The expected trading range for today is between $1302.00 and $1342.00

 

Trend forecast: Neutral