Platinum price formed positive rebound yesterday after recording 1153.00 level, attempting to decrease the losses to take advantage of the main stability within the bullish channel that appears on the chart.
Note that the continuous fluctuation below 1230.00 barrier will increase the chances of returning to the correctional bearish track, to repeat the pressure on 1140.00 level, while surpassing this barrier will allow the price to renew the bullish attempts and start recording positive targets by moving towards 1290.00 and 1350.00 levels.
The expected trading range for today is between 1230.00 and 1170.00
The expected trend for today: Bearish