Platinum prices have continued to face negative pressures, fluctuating above the additional support level of $930.00, while maintaining the previously forecasted bullish trend. This has led to a rally toward $944.00.
Stochastic indicators are attempting to exit the oversold zone, which is expected to bolster the bullish momentum, helping the price push past the MA55 at $955.00. If successful, platinum could begin a series of gains, with the next target set at $983.00.
The anticipated trading range for today is between $930.00 support and $960.00 resistance.
Trend Forecast: Bullish