Platinum attempts to gain new momentum – Analysis – 30-5-2017

Platinum price provided sideways trading to keep its stability above the extension of the support at 940.00, affected by stochastic fluctuation below 80 level, we confirm the importance of the stability of the current support to wait for gathering the positive momentum, which assists to form strong bullish attack that allows it to achieve the first target at 980.00.

Note that providing negative close below the mentioned support will cancel the positive overview, to settle within the bearish range that forces it to suffer several losses by reaching 925.00 and 885.00.

Expected trading range for today is between 940.00 and 980.00

Expected trend for today: bullish