Platinum provides new positive close – Analysis – 3-2-2017

Platinum price formed intraday negative fluctuation yesterday affected by stochastic attempt to exit the overbought areas, while getting positive close above the bullish channel’s support at 985.00 supports the continuation of the positivity for the upcoming period, while we remind you that the first positive target is located at 1020.00, waiting to move towards the historical high at 1050.00.

Note that attempting to decline below the bullish channel’s support will postpone the bullish attempts and attempt to test the moving average 55 by reaching 965.00.

Expected trading range for today is between 985.00 and 1020.00

Expected trend for today: Bullish