Platinum records the correctional negative targets – Analysis – 22-12-2020

Platinum price surrendered to the temporary negative pressures yesterday, to notice forming correctional bearish attack and achieve the target at 945.00, to face 61.8% Fibonacci correction level.

Despite the price consolidation within the bullish channel, the continuous fluctuation below 1050.00 barrier and stochastic continuous negative momentum signals allow us to expect renewing the correctional bearish attempts to expect crawling below 945.00 and reach the key support 875.00.

The expected trading range for today is between 1025.00 and 935.00

The expected trend for today: Bearish