No news for Platinum price – Analysis – 29-12-2020

Platinum price did not succeed to take advantage of the positive stability within the bullish channel, to notice the continuous fluctuation below 1050.00 barrier to increase the chances of forming correctional bearish trades and repeat the attempt to reach 990.00 level, while breaking it might extend losses towards 950.00.

On the other hand, succeeding to breach the current barrier will allow the price to resume the bullish attempts, to expect recording additional positive targets that start at 1085.00 followed by 1105.00.

The expected trading range for today is between 1050.00 and 980.00

The expected trend for today: Bearish