Platinum repeats the positive closes – Analysis – 24-9-2019

Platinum price reinforced the bullish scenario by providing repeated positive closes by its stability above the initial support at 915.00, and gaining a new positive momentum is important to ease the mission of resuming the bullish attack, to target 980.00 level reaching to 23.6% Fibonacci correction level at 1025.00.

Stochastic fluctuation near 80 level increases the chances for gaining the positive momentum in the near period, and the stability of the moving average 55 below the initial support confirms the trading confinement within the bullish range, to increase the chances for reaching the suggested positive stations.

The expected trading range for today is between 930.00 and 980.00

The expected trend for today: Bullish