Platinum in its way to resume the bullish attack – Analysis – 2-1-2018

Platinum price showed the continuation of the bullish attempts by providing new positive close above 915.00 level, to form an extra support level against the bullish attempts, besides stochastic approach from 80 level reinforces the bullish attempts to keep waiting for achieving the positive targets at 960.00 and 980.00.

Note that the price success to breach the moving average 55 at 980.00 so that will ease the way to attack the extension of the main resistance in the bearish channel at 113.00, to suggest the neutrality due to the importance of this level to detect the main targets in the futuristic period.

Expected trading range for today is between 915.00 and 960.00

Expected trend for today: Bullish.