Platinum prices saw a new bullish rally yesterday, breaking the $950.00 barrier and reaching $960.00. The positive momentum from the stochastic indicator suggests a higher probability of further bullish moves, with the next target at $966.00, followed by a potential move towards the $983.00 resistance level.
However, if the price falls and settles below the $940.00 mark, it would invalidate the bullish outlook, potentially leading to a return to a bearish correction, targeting support levels at $920.00 and $905.00.
The expected trading range for today is between $940.00 support and $966.00 resistance.
Trend Forecast: Bullish
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