Platinum price repeated providing positive closes in the last period by its stability above $1600.00 level, forming an extra support against the bullish attempts, attempting to settle within the minor bullish channel’s levels by its fluctuating near $1655.00.

 

Note that stochastic attempt to settle within the overbought level might provide extra positive momentum, reinforcing the mission of recording positive stations, which might begin at $1690.00 and $1727.00, while the price decline below the mentioned extra support might force it to provide mixed trading, and there is a chance to decline towards $1665.00 before recording any of the suggested extra targets.

 

The expected trading range for today is between $1600.00 and $1690.00

 

Trend forecast: Bullish