Platinum price provided positive closes above $1605.00 level, attempting to confirm the bullish corrective scenario, to rally towards $1655.00 level, confirming the bullish corrective scenario, to rally towards $1655.00 level, benefiting from the continuation of providing positive momentum by stochastic rally above 50 level in the last period.

 

We expect renewing the bullish attempts in the current period, pushing the barrier at $1690.00 to form initial target for the current trading, and surpassing it will extend the trading towards $1740.00 reaching $1790.00 resstance.

 

The expected trading range for today is between $1620.00 and $1690.00

 

Trend forecast: Bullish