Platinum needs new positive close – Analysis – 9-1-2018

Platinum price did not succeed to hold above 966.00 level, to be forced to provide intraday sideways trades as appears on the chart, which might force the price to renew the sideways fluctuations along with chances to reach 950.00 level, to manage to gather new positive momentum followed by waiting to achieve the required breach that will confirm the continuation of the positivity that targets 980.00 followed by 1020.00 in the upcoming period.

On the other hand, crawling below 950.00 level will force the price to postpone the bullish rally and start providing correctional negative trades to attempt to touch 920.00 that forms the extension of the key support that appears on the chart.

Expected trading range for today is between 950.00 and 980.00

Expected trend for today: Bullish