Platinum price settles near the additional support – Forecast today – 17-4-2024

Expected Scenarios

• Platinum price failed to surpass $987.00 barrier, activating the correctional bearish track.
• Stochastic negative momentum signals contributed to this activation.
• Reaching additional support at $950.00.

Trading Range

• Expecting new sideways trades with the chance of intraday losses, crawling towards $937.00.
• Waiting for required positive momentum to confirm the bullish scenario.
• Pressure on the current barrier with the aim to surpass it and open the way for new gains.

Expected Range for Today

The expected trading range for today is between $940.00 and $962.00.

Trend Forecast: Bullish