Platinum price surpasses the initial support – Analysis – 25-5-2023

Platinum price provided strong negative attack yesterday to break the initial support at 1040.00 which forms that waited target in our previous report, to hint resuming the negative attack by reaching 1025.00.

Now, the continuous negative momentum by the major indicators will increase the chances of reaching new negative stations, to target 1005.00 level as a first station for the bearish track, while 965.00 support line might form the last station for the current trades.

The expected trading range for today is between 1040.00 and 1000.00

The expected trend for today: Bearish