Platinum pushes on the moving average – Analysis – 17-11-2017

Platinum price provided some bullish trades recently to push on the sideways range barrier at 940.00, represented by the moving average 55, while we need to breach this level to confirm the affection by the bullish bias domination again, to start recording more targets by reaching 980.00 followed by 1020.00 levels.

We recommend waiting the breach to avoid any losses that might appear due to renewing the sideways trades and moving towards 910.00 support, while stochastic rally above 50 level assists to renew the positive pressures and eases the attempts to achieve the required breach.

Expected trading range for today is between 925.00 and 980.00

Expected trend for today: Bullish