Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Friday, May 20, 2022.

PALLADIUM Jun 2022 (NYMEX:PA.M22)

Long-Term Downtrend (-90) - PA.M22 is in a strong downtrend that is likely to continue. While PA.M22 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 PA.M22?

MarketClub looks at technical strength and momentum to determine if the timing is right for PA.M22.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_PA.M22
Open High Low PA.M22 Price Change
1978.5 2017.0 1951.0 1990.5 +7.5
Entry Signal

MarketClub’s Trade Triangles for PA.M22

long term down The long-term trend has been DOWN since May 6th, 2022 at 2122

intermediate term down The intermediate-term trend has been DOWN since Mar 25th, 2022 at 2350

short term down The short-term trend has been DOWN since May 20th, 2022 at 1975

Smart Scan Analysis for PA.M22

Based on our trend formula, PA.M22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for PA.M22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1978.5 2017.0 1951.0 1990.5 +7.5
Prev. Close Volume Bid Ask Time
1983.0 868 2022-05-20 09:23:54
Expiration2022-06-28Open Time08:30
Close Time13:00
Get a free daily analysis and signals for PALLADIUM Jun 2022 (PA.M22) - Request Your Free Report.