Future Trend Analysis Report
Prepared for you on Thursday, June 17, 2021.
PLATINUM Apr 2022 (NYMEX:PL.J22)
Long-Term Downtrend (-90) - PL.J22 is in a strong downtrend that is likely to continue. While PL.J22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since May 13th, 2021 at 1229.1
The short-term trend has been DOWN since Jun 16th, 2021 at 1159.1
Smart Scan Analysis for PL.J22
Based on our trend formula, PL.J22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).