Platinum keeps the positivity – Analysis – 22-1-2018

Platinum price resisted the negative pressures recently by showing clear stability around 1010.00 level, to confirm keeping the expected bullish bias domination, noticing its approach from the previously recorded top at 1020.00, noting that breaching this level will allow the price to achieve more targets in the near term and medium term period by rallying towards 1040.00 followed by 1085.00 levels.

Stochastic provides new positive momentum now by settling within the overbought areas again, to confirm getting rid of the sideways fluctuation and start achieving the previously suggested targets conditioned by holding above 980.00 support.

Expected trading range for today is between 980.00 and 1040.00

Expected trend for today: Bullish