Future Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
PLATINUM Jan 2022 (NYMEX:PL.F22)
Weak Downtrend (-65) - PL.F22 is showing signs of a strengthening downtrend. Monitor PL.F22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid PL.F22?
MarketClub looks at technical strength and momentum to determine if the timing is right for PL.F22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PL.F22
The long-term trend has been UP since Dec 4th, 2020 at 973.0
The intermediate-term trend has been DOWN since May 13th, 2021 at 1215.1
The short-term trend has been DOWN since May 18th, 2021 at 1230.0
Smart Scan Analysis for PL.F22
Based on our trend formula, PL.F22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).