Platinum crawls above the resistance – Analysis – 20-9-2018

Platinum price took advantage of the positive conditions to rally upwards strongly and get rid of the bearish channel’s resistance at 815.00, while the continuous fluctuation above this resistance confirms the price preparation to build new bullish bias, expecting to reach 834.00 followed by attempting to press on 870.00 barrier.

Stochastic reach to the overbought areas reinforces the positive stability by providing strong positive momentum and increases the chances of touching the suggested positive targets.

Expected trading range for today is between 815.00 and 834.00

Expected trend for today: Bullish