Platinum price provided some sideways trades recently to settle near 860.00, affected by the stability of 61.8% Fibonacci correction level that forms temporary obstacle at 850.00.
Now, stochastic attempt to crawl towards the oversold areas allows us to expect renewing the negative attempts, to keep waiting to break the mentioned obstacle and manage to resume the decline to reach the negative stations near 825.00 and 790.00.
The expected trading range for today is between 875.00 and 825.00
The expected trend for today: Bearish