Platinum price provided a new positive close above the support base at $895.00, increasing the chances for activating the bullish rally, especially, that stochastic is attempting to provide positive momentum by surpassing the oversold level.

 

We expect platinum price’s rally toward $935.00, and the continuation of the positivity will reinforce the chances for attacking the extra barrier at $950.00, while reaching below the mentioned support and holding below it will cancel the bullish suggestion, to begin forming strong bearish waves that might push it to decline toward $880.00 and $858.00.

 

The expected trading range for today is between $905.00 and $950.00

 

Trend forecast: Bullish