Futopt Trend Analysis Report
Prepared for you on Wednesday, October 21, 2020.
PALLADIUM DECEMBER 2020 CALL 1550 (NYMEX:QPA.Z20.1550C)
Long-Term Downtrend (-90) - QPA.Z20.1550C is in a strong downtrend that is likely to continue. While QPA.Z20.1550C is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QPA.Z20.1550C?
MarketClub looks at technical strength and momentum to determine if the timing is right for QPA.Z20.1550C.
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MarketClub’s Trade Triangles for QPA.Z20.1550C
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QPA.Z20.1550C
Based on our trend formula, QPA.Z20.1550C is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).