Platinum needs strong momentum – Analysis – 3-4-2020

Platinum price still keeps the correctional bullish attempts by providing frequent positive closings above the initial support 910.00, while lacking the positive momentum forces it to fluctuate within sideways track without achieving any new target until this moment.

Now, after stochastic exited the oversold areas, we expect the beginning of gathering the positive momentum, to support the bullish overview that targets 765.00 followed by reaching 790.00 barrier.

The expected trading range for today is between 710.00 and 765.00

The expected trend for today: Bullish