Platinum pushes on the moving average 55 – Analysis – 5-4-2017
Economies.com
2017-04-05 07:15AM UTC
Platinum price rallied bullishly yesterday to push on the moving average 55 that forms initial barrier at 960.00, while we expect that breaching it will provide strong positive trades to manage to reach the first target at 980.00, reminding you that surpassing this level will open the way to reach more targets in the upcoming period, starting at 1010.00.
Stochastic decline from the overbought areas might force the price to provide intraday positive sideways trading now until gathering new positive momentum to confirm the attempt to reach our expected targets.
Expected trading range for today is between 950.00 and 980.00
Expected trend for today: Bullish
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