Platinum needs bullish momentum– Analysis – 20-4-2017

Platinum price repeated providing sideways fluctuation due to its neediness to the bullish momentum, to settle below 23.6% Fibonacci correction level at 980.00, stochastic decline below 50 level might force the price to form an intraday negative attack to reach 950.00 level, which keeps it under the effect of the sideways domination in the near period.

While gathering the bullish momentum and its attempt to rally above the barrier at 980.00 so that will reinforce the bullish attempts, which makes us wait to record the waited targets at 1010.00 reaching to 38.2% Fibonacci correction level at 1080.00.

Expected trading range for today is between 950.00 and 980.00

Expected trend for today: sideways until achieving the breach