Platinum price renews its positive action by rallying above the MA55 recently, to achieve the first target by reaching 985.00, confirming its surrender to the domination of the previously suggested bullish bias.
The frequent stability above 50% Fibonacci correction level at 950.00 and the major indicators’ attempt to provide the positive momentum will increase the chances of targeting new positive stations that might start at 1005.00 followed by reaching the next main target at 1040.00.
The expected trading range for today is between 965.00 and 1005.00
The expected trend for today: Bullish