Future Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
PLATINUM Oct 2020 (NYMEX:PL.V20)
Long-Term Uptrend (+90) - PL.V20 is in a strong uptrend that is likely to continue. While PL.V20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jul 21st, 2020 at 922.2
The intermediate-term trend has been UP since Jul 7th, 2020 at 858.2
The short-term trend has been UP since Aug 3rd, 2020 at 932.1
Smart Scan Analysis for PL.V20
Based on our trend formula, PL.V20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).