No news for Platinum price – Analysis – 1-9-2021

Platinum price didn’t move until this morning, affected by the contradiction between the major indicators, to repeat the fluctuate near 1000.00 level, thus, we will keep waiting to gather the required negative momentum to activate the bearish track caused by the main stability within the bearish channel that appears on the chart.

We remind you that the negative targets are located at 970.00 followed by reaching the additional support at 949.00, while breaching 1040.00 resistance will cancel the negative overview and start forming strong bullish trades that might extend towards 1080.00 and 1105.00 levels.

The expected trading range for today is between 1020.00 and 970.00

The expected trend for today: Bearish