Platinum hits the first target – Analysis – 01-12-2020

Platinum price started to take advantage of the frequent positive pressures to notice forming strong bullish wave and surpass the first target at 980.00, expect to get positive closings above 980.00 barrier to resume the bullish attack and attempt to press on 1009.00 level, while surpassing it might extend trades towards 1046.00 to form the second main target of the bullish bias.

Also, stochastic crawl towards the overbought areas will increase the chances of gathering the positive momentum, to manage to hold above the initial support 940.00 until recording the mentioned targets.

The expected trading range for today is between 950.00 and 1009.00

The expected trend for today: Bullish