Future Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
PLATINUM Apr 2022 (NYMEX:PL.J22)
Sidelines Mode (-55) - PL.J22 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.J22?
MarketClub looks at technical strength and momentum to determine if the timing is right for PL.J22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PL.J22
The long-term trend has been DOWN since Jun 3rd, 2021 at 1170.0
The intermediate-term trend has been UP since Oct 8th, 2021 at 1008.8
The short-term trend has been DOWN since Oct 18th, 2021 at 1044.8
Smart Scan Analysis for PL.J22
Based on our trend formula, PL.J22 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).