Platinum price awaits the positive momentum – Analysis – 30-12-2021

Platinum price continued to provide weak sideways trades despite its consolidation above 920.00 support line, due to the lack of the positive momentum until this moment, and stochastic exit from the oversold areas, which will increase the chances of gathering the positive momentum to ease the mission of reaching the first positive target at 1002.00 direct.

Note that attempting to crawl below the mentioned support will postpone the bullish attempts, to expect suffering additional losses by declining towards 875.00 and 852.00 levels before recording any new positive target.

The expected trading range for today is between 950.00 and 1002.00

The expected trend for today: Bullish