Platinum still lacks the positive momentum – Analysis – 24-3-2017

No news for Platinum price, as it fluctuates between 950.00 support and the initial resistance formed by the moving average 55 at 967.00 due to the lack of the bullish momentum, while the bullish overview still valid until now as long as the mentioned support remains intact, waiting stochastic to reach the oversold areas to support getting rid of the negative pressures and provide good chance to gather the required momentum to reach the waited target at 980.00.

We remind you that the price attempt to decline below the above mentioned support will cancel the bullish overview to be affected by the bearish bias domination again and attempt to reach 935.00 followed by 913.00 levels.

Expected trading range for today is between 950.00 and 980.00

Expected trend for today: Bullish