Future Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
PLATINUM Jan 2024 (NYMEX:PL.F24)
Sidelines Mode (+50) - PL.F24 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until PL.F24 can gain momentum.
Is it time to buy, sell, or avoid PL.F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for PL.F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PL.F24
The long-term trend has been DOWN since Jun 22nd, 2023 at 951.0
The intermediate-term trend has been UP since Nov 28th, 2023 at 944.5
The short-term trend has been UP since Dec 8th, 2023 at 918.7
Smart Scan Analysis for PL.F24
Based on our trend formula, PL.F24 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).