Platinum attempts to surpass– Analysis – 12-1-2017

Platinum price continued providing strong pressures on the barrier at 980.00, attempting to resume the bullish attack, we recommend waiting for the price until confirming the breach by providing new positive close in the upcoming four hours, to wait for recording the first target at 1020.00 then reaching the next target at 1080.00.

The continuation of forming strong support at 960.00 level by the moving average 55 supports the bullish overview, to increase the positive pressure on the upcoming trading until achieving the waited targets.

Expected trading range for today is between 960.00 and 1020.00

Expected trend for today: Bullish