The moving average supports platinum positivity –analysis 28/7/2014

Platinum closed its negative trading recently by reaching the moving average level which remains stable around 1460.00, where it acts as an obstacle against the bearish trading and to begin expect forming a positive bias in the upcoming period until reaching 1515.00 level, which forms the main obstacle against the bullish bias.

Therefore, we will suggested the bullish bias in the upcoming period if the support level represented  by the moving average line settled until platinum price reaches the mentioned level.

Expected trading range is between 1460.00 and 1515.00

Expected trend for today: bullish if the moving average remains intact.