Platinum price is weak – Analysis – 21-12-2121

Platinum price seems to be weak, due to its fluctuation below 50% Fibonacci correction level at 950.00, to increase the chances of resuming the negative attack and recording the targets at 875.00 and 850.00.

On the other hand, rallying above the current barrier and providing positive close will postpone the negative attack until recording some positive targets that might start at 1005.00 to attempt to decrease the recently recorded losses.

The expected trading range for today is between 955.00 and 875.00

The expected trend for today: Bearish