Platinum repeats the attempts to regain the bullish bias – Analysis – 27-12-2017

Platinum price ended its recent trades by providing clear positive close above 915.00 level, hinting the attempts to regain the bullish bias for the near term and medium term period, while our bullish overview will depend on the stability of 890.00 as a main support line to expect extending trading towards 980.00, forming the first positive target, while the continuous positive pressures might target 1020.00 again.

We notice that stochastic provides new positive trading by approaching 50 level, to assist to provide new positive momentum that eases the attempts to reach the suggested targets.

Expected trading range for today is between 900.00 and 960.00

Expected trend for today: Bullish