Future Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
PLATINUM Jan 2022 (NYMEX:PL.F22)
Sidelines Mode (-55) - PL.F22 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jun 10th, 2021 at 1139.4
The intermediate-term trend has been UP since Oct 8th, 2021 at 997.3
The short-term trend has been DOWN since Oct 24th, 2021 at 1042.8
Smart Scan Analysis for PL.F22
Based on our trend formula, PL.F22 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).