Platinum touches the first target – Analysis – 5-3-2021

Platinum price confirmed its affection by the correctional bearish bias domination by providing new negative close below 1170.00, to notice reaching the first correctional target at 1105.00.

Note that stochastic negative signals will increase the chances of resuming the correctional bearish attack, to target 1070.00 followed by reaching the main bullish channel’s support line at 1000.00.

The expected trading range for today is between 1170.00 and 1070.00

The expected trend for today: Bearish