Platinum affected by the indicators contradiction– Analysis – 14-2-2017

There is no news for platinum price until this moment, due to the contradiction between the main indicators, to repeat its sideways fluctuation between the support level at 980.00 and 1010.00 level, the stability of the support makes us wait for gathering new positive momentum, to resume the bullish attack, to be attracted to the main target in the near period at 1055.00.

We should mention that the price attempt to provide negative trading below 980.00 level will delay the positive overview, to suffer some losses by reaching 950.00 and 890.00.

Expected trading range for today is between 980.00 and 1020.00

Expected trend for today: Bullish