Platinum price resists the negative pressures– Analysis – 28-3-2023

In spite of the negative pressure on Platinum price recently by stochastic decline below 50 level, but we notice that the bullish track continues by providing repeated positive closes above the support at 950.00.

the price might be forced to provide new sideways trading until gathering the positive momentum, to ease the mission of activating the bullish track, to expect its rally towards 1005.00 initially, and surpassing this obstacle will extend the trading towards 1040.00, to form the next main target for the bullish bias. 

The expected trading range for today is between 960.00 and 1005.00

The expected trend for today: Bullish