Platinum still weak – Analysis – 16-3-2018

Platinum price hinted its weakness recently by providing frequent sideways trading between 985.00 resistance and 940.00 major support, expecting to start forming some bullish rally due to stochastic reach towards 20 level, hinting the attempt to get rid of the negative pressures to increase the chances of gathering new positive momentum.

Therefore, we will start suggesting the bullish attempts as long as the mentioned support remains intact, targeting 985.00 barrier first, and breaching this level will push to achieve more targets that reach 1030.00 followed by 1085.00 in the upcoming period.

Expected trading range for today is between 940.00 and 985.00

Expected trend for today: Bullish