No news for platinum price – Analysis – 10-1-2022

No news for platinum price until this moment, as it keeps fluctuating between 925.00 support and the moving average 55 that forms solid resistance barrier at 1000.00, which confirms the domination of the sideways bias, waiting to surpass one of these levels to manage to detect the next main trend.

Note that stochastic continuous attempts to provide the positive momentum will increase the chances of forming bullish waves in order to press on the mentioned barrier to attempt to find a way to resume the bullish attack in the upcoming period.

The expected trading range for today is between 930.00 and 1000.00

The expected trend for today: Sideways