Platinum price remains affected by the negative pressures that caused by its decline below 950.00 level, besides its stability below the moving average 55, which makes us keep preferring the bearish correctional attempts, reminding you that the main targets near 920.00, which forms an extension to the critical support, to expect its stability by ending the bearish attempts and begin forming a new bullish rally in the upcoming period.
Stochastic attempt to settle within the oversold level supports our bearish overview in the near and medium period, which provides extra negative momentum until achieving the suggested target.
Expected trading range for today is between 965.00 and 920.00
Expected trend for today: Bearish.