Platinum records the initial target – Analysis – 10-1- 2017

Platinum price trading extended towards recording the initial target at 980.00, confirming its affection by the domination of the positivity, the price begins to provide some sideways trading until surpassing the current barrier, to resume recording the gains to 1020.00 in the upcoming period.

The moving average 55 keeps forming an initial support at 960.00, accompanied by stochastic stability within the overbought level, which increases the chances for gathering the bullish momentum and reaching the suggested target.

Expected trading range for today is between 960.00 and 1020.00

Expected trend for today: Bullish