Platinum price formed new negative wave yesterday, attempting to press on the initial support 793.00 that blocks the attempt to resume the main bearish attack, while we recommend waiting the break to confirm the preparation to record additional targets that might start at 749.00 and 700.00 levels.
Stochastic sharp decline and settling within the oversold areas reinforcing the negative overview by providing new negative momentum and increases the chances of achieving the break.
The expected trading range for today is between 825.00 and 750.00
The expected trend for today: Bearish