Platinum provides an intraday positivity – Analysis – 24-10-2017

Platinum price remains stable against the main indicators contradiction, to keep its stability above the support at 910.00, to begin building some positive trading since this morning, we expect the price rally in the near period to face the barrier at 946.00, which confirms the importance of surpassing this level to confirm the bullish bias domination in the upcoming period by targeting 980.00 level as a first positive station.

Note that the stability of the current support level is important to avoid any attempt to change the main trend, the price gets its positive momentum by stochastic rally above 50 level, which increases the chances for providing new pressure on the targeted barrier.

Expected trading range for today is between 910.00 and 946.00

Expected trend for today: Bullish.