Platinum holds above the support – Analysis – 1-10-2018

Platinum price remains stable above the critical support at 801.00, to increase the chances for renewing the expected bullish attempts, reminding you that surpassing the moving average 55 at 533.00 is important to open the way towards recording extra positive targets that might extend to 855.00 and 871.00.

Note that the price attempt to decline below the current support will confirm its affection by the bearish bias domination by its stability within the bearish channel levels, to target several negative levels that begin at 776.00 reaching to 748.00 level.

Expected trading range for today is between 801.00 and 833.00

Expected trend for today: Bullish