Platinum achieves the initial target– Analysis – 28-3-2017

Platinum price trading extended towards recording the initial positive target at 980.00, which forms an initial barrier against the bullish attempts, and that forces it to provide an intraday sideways fluctuation, we wait until gathering new positive momentum, which allows it to surpass the current barrier to resume recording the targets that begin at 1010.00 reaching to 1075.00 in the upcoming period.

Stochastic attempt to surpass the oversold level confirms surpassing the intraday negative pressures, which provides good chance for gathering the required momentum for resuming the expected bullish attack.

Expected trading range for today is between 960.00 and 1010.00

Expected trend for today: Bullish