Platinum awaits additional momentum – Analysis – 4-1-2018

Platinum price continues to provide positive trades by consolidating above the moving average 55, to confirm the preparation to resume the bullish attack in the upcoming period, while stochastic exit from the overbought areas might force the price to test the initial support at 915.00 until gathering new positive momentum followed by extending trading towards the positive targets around 960.00 and 980.00.

Therefore, the bullish overview will remain valid as long as the initial support remains intact against the current fluctuations, while crawling below this support will cancel the bullish expectations and push the price to suffer losses by moving towards 890.00 followed by 810.00 in the upcoming period.

Expected trading range for today is between 915.00 and 960.00

Expected trend for today: Bullish