Platinum price confirmed its surrender to the domination of the bullish bias by rallying above 50% Fibonacci correction level at 983.00$ yesterday, to notice forming new bullish waves and achieve the target at 998.00$.

 

The frequent stability above 983.00$ and the major indicators that provide the positive momentum will increase the efficiency of the bullish rally, to keep waiting to target new positive stations by targeting 1005.00$ followed by reaching the next barrier at 1017.00$.

 

The expected trading range for today is between 983.00$ and 1005.00$

 

Trend forecast: Bullish