Platinum approaches from the initial barrier – Analysis – 16-09-2020

Platinum price formed a new bullish rally in yesterday’s trading, to approach from the initial barrier at 980.00 affected by the repeated positive pressures until this moment, accompanied with stochastic attempt to provide positive momentum that will increase the chances for breaching the current barrier, to open the way towards reaching the extra targets that are located at 1040.00 and 1105.0.

the fluctuation of the moving average 55 below the extra support at 915.00 supports the bullish suggestion, and confirms the trading confinement within the bullish range until reaching the suggested targets.

The expected trading range for today is between 942.00 and 1000.00

The expected trend for today: Bullish