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Platinum prices, which have recently fluctuated around the $943.00 mark, are unlikely to shift the previously forecasted bearish trajectory. This outlook is supported by ongoing consolidation below the $983.00 barrier and resistance from the MA55, positioned at $961.00.
Stochastic indicators are moving towards oversold conditions, potentially intensifying negative pressures and prompting further bearish movements. This could lead to prices approaching lower levels, with key support points identified at $920.00 and $907.00.
Today’s expected trading range for platinum is between $907.00 and $945.00.
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