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Platinum price saw a brief intraday rebound recently and consolidated around the 925.00 level. However, this minor uptick is unlikely to alter the overarching bearish trend, primarily due to the consolidation near the MA55 and an additional resistance barrier at 950.00.
Given these factors, market observers are inclined to await further negative pressures, with the objective of sustaining levels below the critical 920.00 mark. Subsequently, the focus will shift towards attaining additional bearish milestones at 880.00 and 855.00.
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For today’s trading session, analysts anticipate a range between 940.00 and 890.00, with the prevailing trend remaining bearish.
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Today’s Expected Range: 940.00 – 890.00
Anticipated Trend for the Day: Bearish
