Platinum price confirmed its surrender to the bullish scenario by its stability yesterday above $2070.00 level, to form a new bullish rally and recording some previously suggested gains by reaching $2145.00 level.

 

The repeated stability above the moving average 55 near 1995.00, by the continuation of providing positive momentum by the main indicators will increase the chances of recording new gains, to reach $2205.00, which might form a new obstacle against the bullish rally, while surpassing this obstacle will ease the mission of achieving extra gains that might extend towards $2290.00 initially.

 

The expected trading range for today is between $2070.00 and 22205.00

 

Trend forecast: Bullish