Platinum tends to resume the positivity – Analysis – 22-2-2019

Platinum price started to provide positive trades by rallying above 825.00 level, confirming the preparation to resume the bullish attack in the near term and medium term period, expecting to gather additional momentum to move towards 850.00 that forms the first positive station, followed by attempting to press on the main resistance at 871.00.

The risks of changing the trend will appear when the price attempts to crawl below 775.00, as it will open the way for new negativity and increase the chances of suffering losses by reaching 748.00 followed by 700.00 levels.

The expected trading range for today is between 815.00 and 850.00

The expected trend for today: Bullish