Platinum begins to record targets – Analysis – 5-1-2018

Platinum price succeeded to gather intraday positive momentum to confirm keeping the bullish bias domination and achieve some positive targets, approaching the initial resistance around 966.00, expecting to gain new positive momentum to rally above this barrier and continue achieving the main targets at 980.00 followed by 1020.00.

We should note that failing to surpass the current barrier might force the price to renew the sideways attempts with chances of testing the moving average 55 at 928.00, thus, we recommend achieving the breach to avoid any losses that might appear due to the price negative rebound.

Expected trading range for today is between 945.00 and 980.00

Expected trend for today: Bullish