Platinum price began receiving bullish momentum due to stochastic rally above 50 level, accompanied by the moving average 55 attempt to form extra support by its stability below the current trading, to begin forming bullish waves and settle near $2090.00.

 

The attempt of forming extra support at $2020.00 level reinforces the chances of renewing the bullish attempts, to keep our bullish scenario that might target $2165.00 level soon, reaching near $2245.00 barrier.

 

The expected trading range for today is between $2020.00 and $2165.00

 

Trend forecast: Bullish