Platinum price faced strong positive pressures yesterday to notice forming bullish rally and surpass the main bearish channel’s resistance at 990.00 today, expecting to form new bullish rally and start targeting new positive levels that might extend towards 1028.00 and 1051.00.
Also, stochastic attempt to crawl towards the overbought areas will provide the price with new positive momentum to reinforce the attempt to confirm the domination of the bullish bias until recording the suggested targets.
The expected trading range for today is between 985.00 and 1028.00
The expected trend for today: Bullish