Platinum lacks the positive momentum – Analysis – 1-4-2020
Economies.com
2020-04-01 07:59AM UTC
Platinum price did not succeed to record any new correctional target until this morning, due to lacking the positive momentum and surrender to the moving average 55 negativity that settles above the current trades, while stochastic attempts to exit the oversold areas to support the bullish scenario.
Therefore, the stability of the initial support 710.00 allows us to keep waiting to gather new positive momentum to manage to reach 765.00 followed by 795.00 levels, while declining below this support will activate the negative track again to increase the chances of moving towards 665.00 in the upcoming period.
The expected trading range for today is between 710.00 and 765.00
The expected trend for today: Bullish
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