Platinum leans on the moving average – Analysis – 7-4-2017

Platinum price succeeded to gather new positive momentum to notice its rally above the moving average 55 yesterday, to increase the positive pressure on the upcoming trading, thus, the bullish trend scenario will remain valid, reminding you that it is important to surpass 980.00 to open the way to achieve more positive targets that start at 1010.00.

Stochastic rally towards 80 level reinforces the positive overview, to continue providing the positive momentum that increases the chances of breaching 980.00 barrier and resume recording the expected targets.

Expected trading range for today is between 955.00 and 980.00

Expected trend for today: Bullish