Platinum prepares to resume the bullish attack – Analysis – 12-10-2017

Platinum price continued to provide positive trading above the support at 900.00, to confirm its readiness to resume the bullish attack, the first target will remain valid near 950.00 level, due to the stability of the moving average 55 near it, reminding you that surpassing this level will open the way towards achieving more of the targets that begin at 980.00 reaching to 1020.00 in the upcoming period.

By the above image we notice that stochastic motivate the positive domination by its repeated stability within the overbought level to renew the bullish attempts and easing the attempt to surpass the mentioned initial barrier. 

Expected trading range for today is between 910.00 and 980.00

Expected trend for today: Bullish