Platinum faces stochastic negativity – Analysis – 18-1-2018

Platinum price repeated the positive closings by consolidating around 1000.00 level, confirming facing stochastic negativity that succeeded to exit the overbought areas, which allows us to wait to gather new positive momentum followed by resuming achieving gains as long as 960.00 key support remains intact, targeting 1045.00 followed by 1105.00 levels in the upcoming period.

Expected trading range for today is between 960.00 and 1020.00

Expected trend for today: Fluctuated within the bullish range