Platinum repeats the fluctuation below the barrier – Analysis – 22-1-2020

Platinum price failed to surpass 1025.00 barrier to form negative rebound by touching 1000.00 level, reminding you that 990.00 continues to form additional support to increase the chances of gathering new positive momentum to ease the mission of breaching the current barrier to reach the main positive target at 1060.00.

On the other hand, facing additional negative pressures and attempting to crawl below the current support will confirm the domination of the correctional bearish bias, to expect suffering some losses by moving towards 950.00 followed by reaching the bullish channel’s support line at 910.00.

The expected trading range for today is between 990.00 and 1060.00

The expected trend for today: Bullish