Platinum price continued forming clear negative trading, approaching from the second target at 949.00 that forms 50% Fibonacci correction level as appears in the above image.
We expect forming an obstacle at 949.00 level against the negative trading, to force it to form a bullish correctional rebound to target 990.00 level before achieving any new negative target.
The expected trading range for today is between 949.00 and 975.00
The expected trend for today: Bullish