Platinum gains positive momentum – Analysis – 5-10-2017

Platinum price provided new positive close above 900.00 level to confirm forming solid support against the current fluctuations, while the price gets its momentum through stochastic exit from the oversold areas, to increase the chances of regaining the bullish bias that targets 950.00 followed by 1020.00 in the upcoming period.

We remind you that attempting to decline below the current support will confirm resuming the negative trading that targets the key support at 880.00 followed by starting to form the waited bullish rally.

Expected trading range for today is between 900.00 and 950.00

Expected trend for today: Bullish