Platinum is weak – Analysis – 31-3-2017

In spite of platinum stability within the bullish range that depends on the stability of the support at 937.00 but we notice the weakness of the last trading due to the negativity of the main indicators to decelerate the bullish rally, stochastic reach to the oversold level confirms surpassing the negative pressures if the mentioned support settled to begin gaining new positive momentum, to attempt to reach the initial target at 980.00, which surpassing it will open the way towards achieving the next target at 1010.00.

We should mention that suffering extra negative pressures and its attempt to settle below the current support will cancel the positive overview to suffer several losses that begin at 913.00.

Expected trading range for today is between 940.00 and 980.00

Expected trend for today: Bullish