Future Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
PLATINUM Oct 2020 (NYMEX:PL.V20)
Sidelines Mode (-55) - PL.V20 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.V20?
MarketClub looks at technical strength and momentum to determine if the timing is right for PL.V20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PL.V20
The long-term trend has been DOWN since Feb 28th, 2020 at 882.3
The intermediate-term trend has been DOWN since Feb 25th, 2020 at 966.0
The short-term trend has been UP since Apr 2nd, 2020 at 726.6
Smart Scan Analysis for PL.V20
Based on our trend formula, PL.V20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).