Future Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
PLATINUM Apr 2024 (NYMEX:PL.J24)
Bear Market Rally (-75) - PL.J24 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PL.J24 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid PL.J24?
MarketClub looks at technical strength and momentum to determine if the timing is right for PL.J24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PL.J24
The long-term trend has been DOWN since Jun 20th, 2023 at 990.0
The intermediate-term trend has been UP since Aug 28th, 2023 at 965.8
The short-term trend has been DOWN since Sep 20th, 2023 at 943.8
Smart Scan Analysis for PL.J24
Based on our trend formula, PL.J24 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).