Platinum price formed new bullish wave yesterday to approach 1005.00 obstacle and settles below it, noting that the major indicators continue to provide the positive momentum to increase the chances of breaching the current obstacle and reinforce the chances of reaching the positive stations at 1040.00 and 1075.00.
The risks of changing the bullish trend will appear in case the price attempted to break 950.00 level and hold below it, to force it to suffer many losses by moving towards 925.00 first.
The expected trading range for today is between 965.00 and 1025.00
The expected trend for today: Bullish