Platinum records the first target – Analysis – 26-3-2021

Platinum price succeeded to resume the correctional bearish attack, to notice recording the first target at 1142.00, expecting to continue the fluctuation within the correctional bearish track as long as 1195.00 barrier remains intact, expecting to face new negative pressures and reach 1105.00 followed by pressing on 38.2% Fibonacci correction level at 1070.00.

We notice stochastic fluctuation below 50 level, to support the correctional bearish overview and continue providing the negative momentum until reaching the suggested targets.

The expected trading range for today is between 1180.00 and 1105.00

The expected trend for today: Bearish