Platinum attempts to gain new momentum – Analysis – 20-3-2018

Platinum price got rid of the negative pressures by providing new close above 938.00 level that formed extension of the key support, attempting to confirm the continuation of the positivity for the upcoming period, while the price needs strong positive momentum to manage to form strong bullish wave and rally above 985.00 level, confirming the continuation of the positivity and start achieving the targets at 1030.00 followed by 1085.00.

Stochastic attempt to exit the oversold areas supports our bullish overview by providing new positive momentum and increase the chances of surpassing the initial barrier and start recording our targets.

Expected trading range for today is between 938.00 and 985.00

Expected trend for today: Bullish