Platinum attempts to regain the bullish bias – Analysis – 18-8-2017

Platinum price provided clear positive pressure on the resistance at 980.00, to attempt to regain the main bullish bias, note that providing positive close in the upcoming four hours above the current resistance important to confirm the domination of the bullish bias, to expect reaching 1025.00 reaching to 38.2% Fibonacci correction level at 1080.00.

Stochastic rally to the upside strongly to 80 level assists to provide new positive momentum, to ease the price attempt to surpass the current barrier and begin recording the main targets as we mentioned previously.

Expected trading range for today is between 935.00 and 886.00

Expected trend for today: Bearish