Platinum begins to rise– Analysis – 2-2-2017

Platinum price formed a new bullish rally to settle at 1003.00 attempting to surpass the intraday barrier to resume its attempts to record more of the positive targets, waiting for hitting the initial target at 1020.00 to extend the trading to hit the resistance at 1050.00, to monitor the price behavior when hitting this level.

Stochastic keeps its stability within the overbought level to assist to confirm the continuation of the positivity, which provides extra momentum until recording the waited targets.

Expected trading range for today is between 990.00 and 1020.00

Expected trend for today: Bullish