Future Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
PLATINUM Apr 2021 (NYMEX:PL.J21)
Long-Term Uptrend (+90) - PL.J21 is in a strong uptrend that is likely to continue. While PL.J21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid PL.J21?
MarketClub looks at technical strength and momentum to determine if the timing is right for PL.J21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PL.J21
The long-term trend has been UP since May 22nd, 2020 at 879.2
The intermediate-term trend has been UP since Oct 23rd, 2020 at 921.0
The short-term trend has been UP since Oct 20th, 2020 at 883.8
Smart Scan Analysis for PL.J21
Based on our trend formula, PL.J21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).