Platinum surpasses the initial positive target – Analysis – 12-1-2018

Platinum price managed to gain new positive momentum yesterday, to achieve the required breach near 966.00, to begin recording some of the positive targets by reaching 990.80, the price rally above the initial target at 980.00 confirms the continuation of the positivity, to expect renewing the bullish attack and attempt to reach the next main target at 1020.00.

The stability of the moving average 55 below the initial support at 966.00 confirms the price confinement within the bullish range, besides stochastic stability within the overbought level eases the way towards gaining extra positive momentum in the near period, which allows it to reach the next target and the mentioned target.

Expected trading range for today is between 970.00 and 1020.00

Expected trend for today: Bullish.