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Platinum prices surpassed the 55-day moving average (MA55) yesterday, reaching $973.80 before settling near $963.00. This rebound suggests a potential for further bullish momentum. The strength of this bullish trend will hinge on maintaining support at $940.00 and the stochastic indicator’s ability to generate positive momentum. If conditions are favorable, prices may target $983.00 and $1,015.00 in the medium term.
For today, the anticipated trading range is between $955.00 and $983.00.
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