Platinum resumes rising – Analysis – 12-9-2019

Platinum price begun gathering a new positive momentum due to stochastic approach from the overbought level, to reinforce the bullish suggestion in the near and medium period, the stability of the initial support at 910.00 increases the efficiency of the bullish scenario, to keep waiting for reaching to the positive stations, which are located at 980.00 and 1025.00.

Note that the price attempt to reach below the initial support will force it to delay the bullish attack, to begin forming negative correctional trading, to suffer some of losses by reaching 860.00.

The expected trading range for today is between910.00 and 980.00

The expected trend for today: Bullish