Platinum Price Analysis
Expected Scenario
- Platinum price faced new negative pressures yesterday by stochastic consolidation within the oversold areas, to notice forming new negative crawl and settle below the additional support 920.00$, confirming its preparation to resume the correctional attack.
- Also, the stability of the MA55 above the current trades will increase the negative pressures, allowing us to suggest suffering additional losses by moving towards 907.00$ followed by attacking the major support 895.00$.
Expected Trading Range
Between 925.00$ support and 907.00$ resistance.
Trend Forecast: Bearish