Platinum still slow – Analysis – 17-2-2020

Platinum price still suffers the contradiction between the major indicators, as stochastic fluctuates near 20 level, while the moving average 55 keeps its stability near the bullish channel’s support line at 910.00.

This factor forms main reason to the price surrender to the temporary sideways fluctuations, reminding you that it is important to hold above the initial support 950.00 to increase the chances of renewing the bullish attempts that might target 1025.00 followed by 1070.00 levels in the upcoming period.

The expected trading range for today is between 950.00 and 1025.00

The expected trend for today: Bullish