Platinum repeats the positive close – Analysis – 22-10-2018

Despite Platinum price’s weak trades, getting a new positive close above the minor bullish channel’s resistance at 826.00 reinforces the main bullish overview for the upcoming trading, which allows us to wait to reach the first target at 855.00 followed by attempting to form strong bullish attack to manage to touch the next main target at 880.00.

Stochastic release from the oversold areas hints ending the negative pressures to increase the chances of gathering the required additional positive momentum to reach the suggested positive stations.

Expected trading range for today is between 826.00 and 855.00

Expected trend for today: Bullish