Platinum seeks new momentum – Analysis – 17-3-2017
Economies.com
2017-03-17 08:52AM UTC
Platinum price showed intraday negative rebound yesterday to settle around 950.00 support, while the bullish trading will remain valid as long as the current support remains intact, waiting to gather new bullish momentum to allow it to surpass the moving average 55, to extend trading towards the first positive target at 980.00.
We should note that the price attempt to decline below the current support will cancel the positive overview and settle within the negative range again, pushing expectations to reach 930.00 followed by 913.00 levels.
Expected trading range for today is between 950.00 and 980.00
Expected trend for today: Bullish
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