Platinum awaits the positive momentum– Analysis – 23-3-2017

Platinum price couldn’t provide positive stability above the moving average 55 to keep decelerating the bullish attempts, which forces it to provide sideways trading by its fluctuation above the support at 950.00, noticing stochastic attempt to form new bullish wave that assists to attempt to gather bullish momentum, which allows it to resume the bullish attack until achieving the initial target at 980.00, then wait until reaching 1010.00 that forms the second positive target for the bullish bias.

Reminding you that the price attempt to decline below the mentioned support will cancel the bullish overview, affected by the bearish bias domination, to attempt to reach 913.00 level, which forms the first negative station for the bearish bias.

Expected trading range for today is between 950.00 and 980.00

Expected trend for today: Bullish