Platinum continues the bullish attempts – Analysis – 3-1-2018

Platinum price continued to form slow positive trades, but its consolidation above the initial support 915.00 supports the continuation of the positivity for the upcoming period, while stochastic attempt to rally towards the overbought areas allows the price to gain additional momentum, waiting to reach 960.00 that forms the first target, while the continuous positive pressures will extend trades towards the next station at 980.00.

Any attempt to decline below 915.00 will postpone the bullish attempts and push the price to provide correctional bearish trades to target 890.00 level first, with chances to suffer additional losses by declining below this level.

Expected trading range for today is between 915.00 and 960.00

Expected trend for today: Bullish