Platinum remains bullish – Analysis – 12-7-2019

In spite of forming a bearish wave by Platinum price, but it couldn’t affect the main bullish stability by its repeated stability above the critical support to 845.00, and the moving average 55 form to an extra support at 884.00 will increase the chances of renewing the bullish attempts, to expect targeting 955.00 reaching 1025.00 level in the near and medium period.

By the above image, we notice stochastic rally above 50 level, to reinforce the positive attempts, to ease the attempt of gathering a new positive momentum in the current period. 

The expected trading range for today is between 890.00 and 955.00

The expected trend for today: Bullish