Platinum resumes rising – Analysis - 24-02-2017

Platinum price bounced higher after approaching from the bullish channel’s support that appears in the chart, to head towards achieving our positive that begin at 1020.00 then 1055.00, which supports the continuation of the bullish trend in the upcoming period, which gets good support from stochastic and the moving average55.

We remind you that holding above 980.00 level represents an important condition for the continuation of the bullish trend expectations and avoid any potential losses from changing the main trend on the near and medium term basis.

Expected trading range for today is between 1000.00 and 1055.00.

Expected trend for today: Bullish