Platinum attempts to rise – Analysis – 11-4-2019

Platinum price formed a new bullish wave to surpass the moving average 55, confirming its readiness to resume the suggested bullish attack, we notice stochastic reach to the overbought level, to provide a new positive momentum, which makes us wait until achieving the main targets, which are located at 955.00 reaching to the psychological barrier at 1000.00.

Note that the price decline below the critical support at 860.00 for today and providing a negative close below it, will confirm its surrender to the bearish bias to expect suffering begin losses by reaching 825.00 reaching to 775.00.

The expected trading range for today is between 880.00 and 955.00

The expected trend for today: Bullish