Platinum fluctuates above the support – Analysis – 6-10-2017

Platinum price continued to provide intraday sideways trading recently, but its consolidation above 900.00 support reinforces the bullish bias domination for the near term and medium term period, thus, we will keep waiting to form new bullish attack to target 950.00 level first, and the continuous positive pressures will push the price towards 1020.00 in the upcoming period.

Stochastic continues the attempts to get rid of the negative range to expect rallying above 50 level and get strong positive momentum to confirm the attempt to end the sideways domination and start recording the mentioned targets.

Expected trading range for today is between 900.00 and 950.00

Expected trend for today: Bullish