Platinum needs to confirm the breach – Analysis – 21-8-2017

Platinum price suffered from the strength of the barrier at 980.00, which forces it to delay the bullish attempts and providing clear sideways trading by it stability near 975.00, providing positive motive by the moving average 55 below the current trading, reinforced by the bullish bias domination to wait for providing new positive close above the current barrier, then resuming recording the gains by reaching 1025.00 and 1080.00.

Stochastic fluctuation near 80 level to ease the attempt of gathering the positive momentum, to repeat its rally above the current rally and achieving the suggested targets.

Expected trading range for today is between 967.00 and 1025.00

Expected trend for today: Bullish.