Platinum awaits the positive momentum – Analysis – 30/7/2014
Economies.com
2014-07-30 09:23AM UTC
Platinum price continues to settle around 1480.00, to keep its stability above the moving average 55 that supports the price bullish attempts until this moment, while we will keep waiting to get more momentum that will push the price to reach 1515.00 which represents the waited target in our previous reports.
Stochastic continues the attempts to support the bullish bias by settling above 50 level, which confirms the extension of trading towards the mentioned target.
Expected trading range is between: 1470.00 and 1515.00
Expected trend for today: Bullish
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