Platinum rises slowly– Analysis – 10-10-2017

Platinum price provided slow positive trading to keep its stability above the support at 900.00 confirming its readiness for providing strong positive trading in the near and medium period, note that stochastic reach to the overbought level will open the way towards resuming the bullish attempts, to wait for hitting the initial target at 950.00 then attempts to reach the top at 1020.00

You should be careful for any attempt to fluctuate below the current support, due to its effect to change the main trend and begin to suffer several losses by the price reach to 875.00 and 820.00.

Expected trading range for today is between 900.00 and 950.00

Expected trend for today: Bullish