Platinum prepares to the bullish attack – Analysis – 3-8-2017

Platinum price approached from the first positive target yesterday at 955.00, hinting the affection by the expected bullish bias, while we expect to witness new bullish attack to manage to reach 980.00 that forms 23.6% Fibonacci correction level.

We assure the importance of the stability of 930.00 support that forms the critical level to consolidate within the bullish range and attempting to regain the bearish bias by providing negative close below it, also, stochastic stability within the overbought until this moment increases the chances of gaining new positive momentum to ease the attempt to reach our waited target.

Expected trading range for today is between 935.00 and 970.00

Expected trend for today: Bullish