Platinum keeps the positive stability – Analysis – 1-6-2020

Platinum price started this morning to form new positive wave to move away from the key support 771.00, in order to confirm the domination of the expected bullish bias, expecting to gather new positive momentum to rally towards the first station at 875.00 direct, while surpassing this level might extend trades towards 915.00 to form the next station of the bullish bias.

Stochastic attempt to crawl towards the overbought areas reinforces the bullish overview by providing additional positive momentum to assist to breach 875.00 and reach the waited target.

The expected trading range for today is between 822.00 and 875.00

The expected trend for today: Bullish