Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
PALLADIUM Dec 2023 (NYMEX:PA.Z23)
Long-Term Downtrend (-90) - PA.Z23 is in a strong downtrend that is likely to continue. While PA.Z23 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.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for PA.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PA.Z23
The long-term trend has been DOWN since Jan 27th, 2023 at 1705.0
The intermediate-term trend has been DOWN since Oct 3rd, 2023 at 1195.5
The short-term trend has been DOWN since Nov 29th, 2023 at 1057.0
Smart Scan Analysis for PA.Z23
Based on our trend formula, PA.Z23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).