Future Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
PLATINUM Nov 2020 (NYMEX:PL.X20)
Bear Market Rally (-75) - PL.X20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PL.X20 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid PL.X20?
MarketClub looks at technical strength and momentum to determine if the timing is right for PL.X20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PL.X20
The long-term trend has been DOWN since Sep 21st, 2020 at 932.3
The intermediate-term trend has been DOWN since Oct 28th, 2020 at 854.5
The short-term trend has been DOWN since Nov 9th, 2020 at 849.0
Smart Scan Analysis for PL.X20
Based on our trend formula, PL.X20 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).