Platinum attempts to press on the barrier– Analysis – 11-1-2017

Platinum price kept its positive stability by holding at 980.00 level, and surpassing this barrier is important for opening the way towards recording several targets in the upcoming period, reminding you that the stability of the near target at 1020.00 to extend the trading towards 1085.00, to test 38.2% Fibonacci correction level.

We should mention that stochastic attempt to surpass the overbought level might delay the bullish overview, which forces the price to test the moving average 55 at 960.00 until gathering the required momentum and surpassing the current barrier.

Expected trading range for today is between 960.00 and 1020.00

Expected trend for today: Bullish