Platinum begins with new positivity– Analysis – 20-11-2017

Platinum price succeeded to provide strong bullish trading recently to surpass the moving average 55, that forms strong barrier by its stability near 940.00 to decelerate the bullish rally, the price attempt to test the broken barrier to form new support level, which makes us wait for achieving more of the positive targets by reaching 980.00 then target 1020.00 level in the upcoming period.

Stochastic reach to 80 level reinforces the bullish suggestion, providing new positive momentum that eases the attempt of resuming the bullish attack until reaching the suggested targets.

Expected trading range for today is between 940.00 and 980.00

Expected trend for today: Bullish.