Platinum still bullish – Analysis – 10-4-2019

Despite Platinum price recent sideways trades, its positive stability above the key support at 865.00 confirms its affection by the domination of the bullish bias on the near term and medium term basis, while stochastic current approach to the overbought areas makes us expect renewing the bullish attempts to target 955.00 followed by reaching the psychological barrier at 1000.00.

Note that the price decline below the key support and providing negative close will push the price to the negative range, to expect suffering big losses by moving towards 825.00 followed by 775.00.

The expected trading range for today is between 865.00 and 920.00

The expected trend for today: Bullish