Platinum repeats the fluctuation above the support – Analysis – 17-4-2019

Platinum price kept its positive stability above 860.00 support line recently, to confirm its preparation to form bullish trades in the near term and medium term period, also, stochastic continues to provide positive momentum by approaching the overbought areas to confirm the preparation to exit the intraday sideways range and expect to move towards 955.00 level first, followed by waiting to touch the second target at 1000.00.

We should note that declining below the current support and getting negative close will force the price to form strong negative trades, to suffer many losses by reaching 825.00 followed by 775.00 levels.

The expected trading range for today is between 860.00 and 925.00

The expected trend for today: Bullish