Platinum holds above the moving average – Analysis – 16-10-2018
Economies.com
2018-10-16 07:53AM UTC
Platinum price kept its stability above the moving average 55, which forms extra support at 832.00, therefore, we will keep preferring the bullish attempts that targets surpassing 855.00, to attempt to press on 871.00 barrier.
The continuation of stochastic fluctuation within the overbought level reinforces the bullish suggestion by the continuation of providing positive momentum, which increases the chances for reaching to the waited targets.
Expected trading range for today is between 832.00 and 855.00
Expected trend for today: Bullish
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