Platinum moves slowly – Analysis –12-4-2019

In spite of Platinum price stability above the support level at 865.00, but we notice its slowness by its fluctuation near the moving average 55, currently, there is no escape from renewing the bullish attack, to keep waiting for reaching 955.00, which forms the initial target for the bullish bias, and the continuation of the positive pressures might extend the trading towards the psychological barrier at 1000.00.

Stochastic attempt to surpass the overbought level reinforces our bullish expectation by providing a new positive momentum, to increase the chances for forming the bullish trading, to begin recording the suggested targets.

The expected trading range for today is between 865.00 and 925.00

The expected trend for today: Bullish