Platinum Resumes Upside Momentum

Platinum price formed strong bullish rally on last Friday due to the stability above the breached resistance at 983.00, to notice recording big targets by reaching 38.2% Fibonacci correction level at 1040.00.

We expect the price to be dominated by the sideways range until breaching this barrier, to push it to fluctuate within tight track represented by 1005.00 and the mentioned barrier, while achieving the required breach will ease the mission of reaching new positive stations that might start at 1075.00.

The expected trading range for today is between 1005.00 and 1040.00

The expected trend for today: Bullish