Platinum has witnessed weekly rejection off long term key support level. It is building up energy. Bears are defending the down sloping moving averages in hope for breaking the lower end of the trading range. Bulls would like to break above the trading range which intersects with the downward trending yellow line on the weekly chart, which opens up the green line and the grey line afterwards. COT report is starting to become less bullish for gold and platinum, but I'm leaning towards a short term bounce before more longer term bearishness unwinds.