Platinum faces indicators' contradiction – Analysis – 18-1-2017

Platinum price forced to form sideways bias affected by the main indicators’ contradiction, to lose the bullish momentum in this moment trading, we should mention that the stability of the support at 950.00 important to assist to confine the price within the bullish range as we expected previously.

Providing the required momentum by stochastic will push the price to resume the bullish attempts, to wait for recording the first target at 1020.00 reaching to the extension of the historical resistance at 204.00.

Expected trading range for today is between 960.00 and 1020.00

Expected trend for today: Bullish