Platinum agrees with the positive pressure – Analysis – 16-3-2017

Platinum price affected by strong positive trading yesterday to surpass 950.00 level, to begin providing bullish correctional bias by its stability at 967.00, which makes us prefer more of the bullish attempts, and 980.00 level forms the initial positive target, note that surpassing this barrier will allow it to achieve more of the targets by its attraction to 1010.00.

Stochastic stability within the overbought level supports the domination of the positivity in the near and medium period, to keep providing positive momentum until the extension of the trading to hit the suggested targets.

Expected trading range for today is between 950.00 and 980.00

Expected trend for today: Bullish