Platinum opens today’s trading with new positivity– Analysis – 18-4-2017

Platinum price opened today’s trading by forming new bullish wave, attempting to get rid of the barrier at 980.00, to announce its affection by the bullish bias domination in the upcoming period, we expect the extension of the trading to 1010.00 to form the first positive station, and the continuation of the positive pressure will make it attempt to reach 38.2% Fibonacci correction level at 1080.00 level.

Stochastic attempt to surpass the overbought level might force the price to provide some sideways trading until gathering new positive trading until gathering new positive momentum then resuming the bullish attack as we expected previously.

Expected trading range for today is between 965.00 and 1010.00

Expected trend for today: Bullish