Despite platinum price facing strong negative pressures recently, caused by the consolidation of the MA55 near the initial barrier $920.00, in addition to stochastic consolidation within the oversold areas, the recent stability above the major support $895.00 decreases the negative effect that might lead to activate the bullish track on the near-term and medium term basis.
The expected trading range for today is between $895.00 and $920.00.
Trend forecast: Bullish