Platinum looks for an extra momentum – Analysis – 13-2-2017

Platinum price repeated providing sideways trading in spite of its stability within the bullish channel levels, due to its neediness to the bullish momentum until this moment, we remind you that the stability of 23.6% Fibonacci correction level confirms the price confinement within the bullish range in the upcoming trading, to wait for surpassing 1020.00 level, to be attracted to the next target at 1055.00.

By the above image, we notice that stochastic attempts to form new bullish wave to assist to provide the required momentum, which confirms the domination of the bullish trading until reaching the suggested target.

Expected trading range for today is between 980.00 and 1020.00

Expected trend for today: Bullish