Platinum price lost its positive momentum to notice forming bearish wave and achieve the first negative target at 1010.00, while stochastic exit from the overbought areas and the continuous fluctuation below the bearish channel’s resistance at 1120.00 allows us to suggest more correctional bearish trades, to expect moving towards 950.00 followed by reaching the major support at 890.00.
The expected trading range for today is between 1100.00 and 975.00
The expected trend for today: Bearish