Platinum needs to confirm the breach – Analysis – 14-8-2017

Platinum price failed to confirm breaching 980.00 resistance to provide intraday correctional trading as appears on chart, which might force the price to test the initial support at 965.00 until gathering the bullish momentum again, while rallying above the current resistance again will confirm regaining the bullish attempts to target 1030.00 as a first positive station.

Stochastic decline from the overbought areas might force the price to provide intraday negative trading now until touching the above mentioned support followed by renewing the attempts to gain the positive momentum to continue the attempts to record the expected targets.

Expected trading range for today is between 965.00 and 1030.00

Expected trend for today: Fluctuated within the bullish range