Platinum approaches from the top – Analysis – 02-12-2020

Platinum price got advantages from its positive stability above 980.00 level, to notice forming a new bullish rally yesterday, approaching from 1009.00, the current negative rebound shows the strength of the 1009.00 level to decelerate the bullish attempts on the intraday basis, which forces it to provide new fluctuation by its stability within the bullish channel levels.

therefore, we should confirm that breaching 1009.00 level is important for opening the way for reaching new positive stations that might extend to 1025.00 and 1046.00 in the near and medium period trading.

The expected trading range for today is between 950.00 and 1009.00

The expected trend for today: fluctuated within the bullish range