The price of platinum has recently failed to breach the $1,083.00 barrier, resulting in a significant corrective bearish rebound. The metal has now settled below the additional support level of $1,040.00. Continued stability below this current barrier is likely to enhance the efficiency of the bearish correctional trend, gathering negative momentum and potentially leading to new bearish waves. The next target levels are $1,015.00, with a further drop to $985.00 possible.
Expected Trading Range
Support: $1,060.00
Resistance: $985.00