Platinum without any news – Analysis – 10-4-2017

Platinum price failed to surpass 980.00 level in the recent trading to continue forming good barrier against the bullish attempts, forcing it to repeat the sideways fluctuation between the mentioned level and 940.00 support barrier, reminding you that the bullish overview depends on the stability of the mentioned support, waiting to gather new positive momentum and wait to breach the mentioned barrier to open the way to reach more targets, starting at 1010.00.

Stochastic reach to the oversold areas hints the price getting rid of the negative pressures, conditioned by the stability of the main support line, waiting to gather the bullish momentum and start recording our waited targets.

Expected trading range for today is between 940.00 and 980.00

Expected trend for today: Bullish