Platinum depends on the strength of the moving average 55– Analysis – 22-2-2017

Platinum price provided negative trading by its decline below 995.00 level, to face the moving average 55 at 980.00, which increase the strength of 23.6% Fibonacci correction level against the negative fluctuations, which supports the continuation of the positivity in the upcoming trading, to keep waiting for attacking 1020.00, to extend the trading towards achieving the main target at 1055.00.

Stochastic attempt to form new bullish wave that supports the bullish suggestion, which provides extra positive momentum that confirms the attempt of forming the bullish attack, and begin to achieve the waited targets.

Expected trading range for today is between 980.00 and 1020.00

Expected trend for today: Bullish