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Platinum price under the temporary negative effect

Platinum price confirmed its surrender to the domination of the correctional bearish bias by settling below USD 950.00 level, to notice crawling below the MA55 and suffering some additional losses by reaching USD 918.00.

Facing continuous negative pressures caused by stochastic might increase the negative effect, to force it to decline towards 900.00 and test the major support that forms main factor to detect the next expected target.

The expected trading range for today is between 940.00 and 900.00 USD