Platinum tends to regain the bullish bias – Analysis – 22-3-2018

Platinum price formed new bullish wave yesterday to move away from the key support around 938.00, attempting to confirm the bullish attempts for the upcoming period, while surpassing the moving average 55 will allow the price to form strong bullish attack to rally above 985.00 level and target 1032.00 first.

Stochastic positive crawl and rallying above 50 level agrees the bullish overview, providing new positive momentum to increase the chances of resuming the bullish attack as expected previously.

Expected trading range for today is between 938.00 and 985.00

Expected trend for today: Bullish