Platinum gains new momentum – Analysis – 28-12-2017

Platinum price managed to gain new positive momentum as stochastic rallied above 50 level, to reinforce the chances of regaining the bullish bias, reminding you that the first positive target is located at 960.00, while the continuous positive pressures might push the price to surpass the moving average 55 that forms initial barrier at 890.00.

The risk of suffering big losses will appear in case the price crawled below 890.00 support, hinting that this will open the way to reach 850.00 followed by 810.00 levels.

Expected trading range for today is between 900.00 and 960.00

Expected trend for today: Bullish