Platinum looks for an exit – Analysis – 05-12-2019

Platinum price remains stuck since yesterday by its fluctuation at 915.00 barrier, while the moving average 55 keeps forming an extra support at 883.00, therefore, we will stay aside until surpassing one of these levels, to confirm the main trend in the upcoming period trading.

Note that breaching the current resistance will reinforce the bullish bias domination, which increases the chances for recording some of the positive targets that begin at 955.00 and 1025.00, while declining again below the current support will increase the chances for targeting negative levels that might begin at 860.00.

The expected trading range for today is between 915.00 and 883.00

The expected trend for today: neutral