Future Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
PLATINUM Jul 2020 (NYMEX:PL.N20)
Sidelines Mode (-50) - PL.N20 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until PL.N20 can gain momentum.
Is it time to buy, sell, or avoid PL.N20?
MarketClub looks at technical strength and momentum to determine if the timing is right for PL.N20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PL.N20
The long-term trend has been UP since Jun 28th, 2019 at 837.9
The intermediate-term trend has been DOWN since Feb 3rd, 2020 at 964.5
The short-term trend has been DOWN since Feb 21st, 2020 at 986.0
Smart Scan Analysis for PL.N20
Based on our trend formula, PL.N20 is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).