Platinum under the positive pressure – Analysis – 8-1-2018

Platinum price affected by the volume of the positive pressures in the last trading to notice the attempt of surpassing the barrier at 966.00, to move to a new bullish track, we prefer waiting for providing new positive close above the current barrier, then wait for recording new positive targets that might begin at 980.00 reaching to 1020.00 in the upcoming period.

The stability of the moving average 55 below the current trading besides stochastic reach to the overbought level that forms main factors to confirm the bullish bias domination by providing strong positive momentum, to ease the attempt of surpassing the mentioned barrier.

Expected trading range for today is between 950.00 and 980.00

Expected trend for today: Bullish