Platinum price provided new negative close below 985.00 to hint the preparation to provide more negative trading in the near term and medium term period, which allows us to wait to touch the key support at 940.00 followed by monitoring the price behavior due to the importance of this level to determine the next trend.
We should note that the continuation of the negative pressures might increase the chances of crawling below the mentioned key support, to activate the bearish bias domination again and expect to suffer big losses by moving towards 890.00 followed by 810.00 levels.
Expected trading range for today is between 985.00 and 940.00
Expected trend for today: Bearish