Platinum price touches the first target – Analysis – 6-1-2022

Platinum price formed new bullish wave yesterday, achieving the first additional target by touching 1004.00, to form strong obstacle against the bullish trades and force the price to rebound negatively towards 975.00.

We remind you that holding above 925.00 support line and stochastic continuous attempts to provide the positive momentum allow us to keep the bullish overview, waiting to breach 1005.00 in order to reach new positive stations in the medium term period, which might start at 1040.00 and 1070.00.

The expected trading range for today is between 950.00 and 1040.00

The expected trend for today: Bullish