Platinum still bullish – Analysis – 7-8-2017

Platinum price kept its positive stability by providing clear trading above 930.00 level, which extends the critical support, the price fluctuation caused by stochastic surpass to the overbought level, which attempts to renew the chances for gaining the positive momentum, and that allows it to achieve the suggested targets by reaching 980.00 and 1030.00.

The moving average 55 rally above the critical support level confirms the stability of the price within the bullish range, to assist to confirm the domination of the positivity in the near period, which increases the chances for gaining the bullish momentum.

Expected trading range for today is between 940.00 and 980.00

Expected trend for today: Bullish