Platinum confirms the positivity – Analysis – 29-12-2017

Platinum price repeated the positive close above 890.00 to confirm the preparation to provide new positive trades in the upcoming period, while stochastic repeats the attempts to provide the bullish momentum by settling above 50 level, to assist to attempt to achieve gains that start at 960.00 followed by 980.00.

Note that succeeding to breach the moving average 55 around 980.00 will pave the way to attack the main resistance at 1130.00, to stay aside due to the importance of this level to detect the next targets.

Expected trading range for today is between 900.00 and 960.00

Expected trend for today: Bullish