Platinum needs to surpass the initial barrier – Analysis – 17-4-2017

Platinum price didn’t complete its bullish rally, affected by the stability of the barrier at 980.00, which forces it to provide intraday sideways trading as appears on chart, while in general, the price stability above the key support at 915.00 supports the bullish overview for the upcoming period, waiting to breach the current barrier and resume recording targets by reaching 1010.00.

Stochastic attempts to support the bullish attempts by settling within the overbought areas, to provide the price with new positive momentum and increase the chances of achieving the breach.

Expected trading range for today is between 950.00 and 1010.00

Expected trend for today: Bullish