Platinum escapes from the bullish attack – Analysis – 18-4-2019

Platinum price has all the supported factors to confirm the positivity that are represented by its stability above the support at 860.00, besides providing positive momentum by the main indicators by stochastic reach to the overbought level.

The current sideways fluctuation near the moving average represents an exit for the price to resume the bullish attack, but we expect its surrender to the bullish attempts by the continuation of the current support stability, to keep waiting for achieving 955.00 reaching to 1000.00 level in the upcoming period.

The expected trading range for today is between 860.00 and 925.00

The expected trend for today: Bullish