Platinum prepares to the bullish attack – Analysis – 17-2-2017

Platinum price kept its positive stability within the bullish channel to depend on the stability of 990.00 support besides the price consolidation above 23.6% Fibonacci level at 980.00, as these factors support the price prepare to form new bullish attack that targets the resistance line extension around 1055.00 followed by monitoring the price behavior to detect the next targets.

Stochastic approach from the overbought areas increases the positive pressure on the price to gather new positive momentum that confirms the attempt to reach the waited target.

Expected trading range for today is between 1000.00 and 1055.00

Expected trend for today: Bullish