Platinum faces the moving average 55 – Analysis – 16-10-2017
Economies.com
2017-10-16 07:55AM UTC
Platinum price continued to provide positive trading recently to notice reaching the moving average 55 at 946.00, while the price might have to show some sideways trading until managing to breach this barrier to resume achieving the main targets that start at 980.00 followed by 1020.00.
We remind you that the bullish trend scenario totally depends on the strength of 900.00 level, noticing that stochastic rally towards the overbought areas to ease the attempt to breach the current barrier and reach the main target.
Expected trading range for today is between 930.00 and 980.00
Expected trend for today: Bullish
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