Platinum confirms the positivity – Analysis – 16-1-2017

Platinum price returned to form new bullish attack attempting to settle above 980.00 level, to confirm the affection of the domination of the positivity in the upcoming period, which makes us wait until reaching the waited target at 1020.00, to be attracted to the recorded top at 1080.00.

The stability of the moving average below the current trading confirms its confinement within the bullish range, accompanied with stochastic stability due to its attempt to settle within the overbought level.

Expected trading range for today is between 960.00 and 1020.00

Expected trend for today: Bullish