Platinum provides clear positive stability – Analysis – 16-1-2018

Platinum price provided clear positive stability by settling around 990.00 level, moving away from the initial support at 960.00, while we expect to form new bullish attack in the near term trading, reminding you that the first main target is located at 1020.00, while the continuous positive pressures will extend trading towards 1045.00 followed by 1105.00.

Stochastic continuous fluctuation within the overbought areas increases the chances of gaining the additional momentum and start forming the waited bullish attack.

Expected trading range for today is between 970.00 and 1020.00

Expected trend for today: Bullish