Platinum remains bullish – Analysis – 08-11-2019

In spite of forming a bearish wave by Platinum price trading, but it will not affect the main bullish stability by its repeated stability above the critical support at 845.00, and the moving average 55 forms an extra support at 884.00 will increase the chances for renewing the bullish attempts, to expect targeting 955.00 and 1025.00 level in the near and medium period.

By the above image, we notice stochastic rally above 50 level, to reinforce the positive attempts, to ease the attempt of gathering a new positive momentum in the upcoming period. 

The expected trading range for today is between 890.00 and 955.00

The expected trend for today: Bullish