Future Trend Analysis Report
Prepared for you on Thursday, November 21, 2019.
PLATINUM Apr 2020 (NYMEX:PL.J20)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for PL.J20
The long term trend has been UP since Jun 2nd, 2019 at 816.5
The intermediate term trend has been DOWN since Nov 10th, 2019 at 895.4
The short term trend has been UP since Nov 14th, 2019 at 883.7
Smart Scan Analysis for PL.J20
Based on a pre-defined weighted trend formula for chart analysis, PL.J20 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).