Platinum tests the support – Analysis – 18-2-2021

Economies.com
2021-02-18 06:40AM UTC

Platinum price ended its correctional bearish rebound by testing the initial support at 1230.00, to rebound positively again towards 1265.00 and confirm the continuation of the previously suggested positivity.

 

Also, stochastic crawl towards the overbought areas will provide the price with new positive momentum to assist to renew the bullish attempts and expect moving towards 1300.00 and 1350.00 levels.

 

The expected trading range for today is between 1230.00 and 1300.00

 

The expected trend for today: Bullish

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