Platinum price needs strong momentum – Analysis – 4-4-2023

Platinum price continued to provide the sideways trades recently by consolidating near the MA55 at 980.00, hinting postponing the bullish attack due to the lack of the positive momentum, caused by stochastic attempt to exit the overbought areas.

In general, the bullish overview will remain valid as long as 950.00 support line remains intact, to keep waiting to gather the additional positive momentum and ease the mission of surpassing 1005.00 obstacle and start recording the gains near 1040.00 and 1072.00.

The expected trading range for today is between 960.00 and 105.00

The expected trend for today: Bullish