Platinum is forced to renew the sideways trading – Analysis – 24-4-2017

Platinum price failed to surpass the barrier at 980.00 level, which forces it to renew the sideways trading as appears in the chart, also stochastic decline below 50 level will increase the intraday negative pressure on the price trading, to increase the chances for its decline temporarily and attempt to test the critical support at 915.00 currently.

And that makes us expect the domination of the sideways bias in the near period, reminding you that the price success to achieve the required breach will reinforce the domination of the positivity, to open the way towards recording the positive targets that begin at 1010.00 reaching to 1080.00 in the upcoming period.

Expected trading range for today is between 920.00 and 980.00

Expected trend for today: fluctuated within the bullish range.