Platinum prepares for the bullish rally – Analysis – 17-1-2017
Economies.com
2017-01-17 08:34AM UTC
Platinum price repeated the positive closing above 980.00 level, to reinforce the bullish overview and increase the chances of reaching the waited targets at 1020.00 followed by 1080.00, also, the stability of the moving average 55 above 950.00 support confirms blocking the price within the bullish range until reaching the waited targets.
Stochastic rally towards the overbought areas agrees with our bullish overview by providing the bullish momentum and support starting to rally bullishly in the near term period.
Expected trading range for today is between 960.00 and 1020.00
Expected trend for today: Bullish
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