Platinum gains new positive momentum – Analysis – 13-4-2017

Platinum price rallied to the upside to settle above the moving average 55, announcing the continuation of the bullish bias domination, we expect surpassing the barrier at 980.00 in the near period, to keep recording the positive targets that begin at 1010.00 reaching to 1080.00 to test 38.2% Fibonacci correction level.

The bullish attempts caused by gaining new momentum that comes from stochastic rally to the overbought level, which increases the chances for surpassing the current barrier and resuming recording the waited targets.

Expected trading range for today is between 950.00 and 1010.00

Expected trend for today: Bullish