Buying overnight has lifted platinum back to $1 080/oz and the bullish mood in the metal looks set to test $1 100/oz in the coming sessions.

Selling overnight has led the metal to $265/oz but for now the metal should remain in the $265/oz to $280/oz area.

Platinum looks set to test $1100/oz while a break above $298/oz would leave the way clear for palladium to test of $330/oz.

The general bullish tone still seen within the commodities sector as well as the lack of chart resistance looks set to push platinum to further highs in the coming sessions.

Overall the prospect of a move higher looks increasingly likely, with prices set to clear the high of last year and push on towards $500 before the year is out,

Further resistance around $1 020/oz is expected in the coming sessions although a break higher would leave little in the way of chart resistance until $1 040/oz.