Current Scenario
The price of platinum has confirmed its alignment with a correctional bearish trend, registering new lows with negative closings below the $1042.00 mark. The commodity has experienced further declines, reaching $1027.25.
The stochastic oscillator’s exit from overbought territories suggests an increase in negative momentum, bolstering the likelihood of continued downward movement. This aligns with previously projected targets, set at $1015.00 and $985.00.
Expected Trading Range
Support: $1015.00
Resistance: $1050.00