Platinum price resumes the rise – Forecast today – 14-3-2024

Platinum price renewed its positive action yesterday, to notice moving towards 943.00 and hint keeping the previously suggested bullish track that depends on 908.00 level forming the additional support.

We notice the MA55 rally towards the mentioned additional support to confirm confining trades within the bullish track and notice that stochastic provides the additional positive momentum to increase the chances of attacking the target at 949.00 soon, while surpassing it will extend trades towards 965.00 direct, followed by reaching the next main target at 983.00.

The expected trading range for today is between 935.00 and 965.00

Trend forecast: Bullish