Platinum crawls positively – Analysis – 7-2-2017

 Platinum price provided slow positive trading since the last period, achieving 1013.00 level to approach from the first target at 1020.00 mainly, in general, the main suggestion will be bullish if the bullish channel’s support settled at 990.00, reminding you that surpassing the initial target will allow the price to record more of the targets by reaching 1050.00.

Stochastic keeps providing the required momentum by its rally to the overbought level, accompanied by the positivity of the moving average 55, due to its stability below the mentioned support, to confirm the price confinement within the bullish range.

Expected trading range for today is between 1000.00 and 1050.00

Expected trend for today: Bullish