Platinum surpasses the moving average – Analysis – 27-3-2017

Platinum price succeeded to breach the moving average 55 to get rid of the barriers that affect the continuation of the expected positivity, thus, we will keep waiting the price rally towards the previously waited target at 980.00, reminding you that surpassing this level will open the way to record more positive targets by reaching 1010.00 in the upcoming period.

Stochastic rally towards the overbought areas supports our bullish overview by providing new positive momentum and ease the attempt to rally towards the waited targets, noting that it is important to hold above 950.00 to avoid any attempt to change the main bullish trend in the upcoming period.

Expected trading range for today is between 960.00 and 1000.00

Expected trend for today: Bullish