Platinum surpasses the moving average55– Analysis – 6-1-2017

Platinum price confirmed the continuation of the bullish attempts, to notice that surpassing the moving average 55, approaching from the waited target at 980.00, the bullish scenario depends on the stability at 950.00, which increases the chances for the price rally to record more of the targets that begin at 1020.00 reaching to 1080.00 level in the upcoming period.

Stochastic positivity within the overbought level increases the positive pressure on the trading, which provides strong positive momentum until reaching the suggested targets.

Expected trading range for today is between 950.00 and 980.00

Expected trend for today: Bullish