Platinum fluctuates within the bullish channel – Analysis – 8-2-2017

Platinum price keeps providing slow trading since the last period, but its stability within the bullish channel makes us wait for forming the bullish attack, to attempt to achieve 1020.00 level as an initial target, to be attracted to the resistance at 1050.00.

We confirm that the stability of the support at 990.00 important to prevent the price form providing bearish correctional trading before reaching the waited targets, also stochastic continues the attempt to settle within the overbought level, to reinforce the positive pressure and provide the required momentum in the near trading.

Expected trading range for today is between 990.00 and 1020.00

Expected trend for today: Bullish