Platinum remains bullish – Analysis – 16-9-2019

Platinum price confirmed its affection by the bullish bias domination by providing repeated positive closes above 915.00 level, to keep the results of the inverted double top pattern, we expect renewing the bullish attempts by gaining extra positive momentum to target 980.00 level, and surpassing it will extend the trading to test 23.6% Fibonacci correction level at 1025.00.

The continuation of stochastic attempt to reach the overbought level supports our bullish suggestion, to increase the efficiency of the positive attack until reaching the waited targets.

The expected trading range for today is between 920.00 and 980.00

The expected trend for today: Bullish