Platinum gains positive momentum – Analysis – 1-8-2017

Platinum price repeated the attempts to get positive close above 935.00 resistance, hinting the preparation of forming new bullish bias, while leaning above the moving average 55 allows us to suggest the bullish attempts that might target 955.00 followed by 980.00 levels in the near term period.

Stochastic rally towards the overbought areas reinforces the attempts to release positively, to provide the price with additional momentum to ease the attempt to reach our waited targets.

Expected trading range for today is between 935.00 and 886.00

Expected trend for today: Bullish