Platinum forms bullish waves – Analysis – 29/7/2014
Economies.com
2014-07-29 08:03AM UTC
Platinum price was affected by the strength of the moving average 55 that formed an obstacle against the negative trading, to notice the beginning of forming positive waves and settling around 1490.00 level, to keep our bullish overview until testing the key resistance located around 1515.00, which breaching it will extend the trading towards 1540.00 to form the main target for the upcoming trading.
Stochastic returns to support the bullish bias by forming positive wave to meet the moving average 55 as appears on the chart.
Expected trading range is between: 1460.00 and 1515.00
Expected trend for today: Bullish
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