Future Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
PLATINUM Jul 2021 (NYMEX:PL.N21)
Sidelines Mode (+55) - PL.N21 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.N21?
MarketClub looks at technical strength and momentum to determine if the timing is right for PL.N21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PL.N21
The long-term trend has been UP since Jul 21st, 2020 at 850.0
The intermediate-term trend has been UP since Nov 10th, 2020 at 890.0
The short-term trend has been DOWN since Feb 19th, 2021 at 1244.5
Smart Scan Analysis for PL.N21
Based on our trend formula, PL.N21 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).