Platinum price failed to activate the bullish attack yesterday, affected by the MA55 that keeps forming additional barrier by settling near 955.00$, to notice forming some negative trades by fluctuating near 945.00$.

 

We expect to witness instability due to the continuous contradiction between the major indicators until achieving the required breach to manage to record new gains by rallying towards 983.00$ and 1005.00$ levels, noting that it is important to hold above 920.00$ support line to avoid any losses that might appear due to changing the bullish track.

 

The expected trading range for today is between 935.00$ and 955.00$

 

Trend forecast: Sideways