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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.

NYMEX_PL.V20
Open High Low PL.V20 Price Change
1023.0 1035.5 963.1 970.9 -54.7
Entry Signal

MarketClub’s Trade Triangles for PL.V20

long term up The long-term trend has been UP since Jul 21st, 2020 at 922.2

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2020 at 858.2

short term up 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).

+90
Smart Scan Analysis for PL.V20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1023.0 1035.5 963.1 970.9 -54.7
Prev. Close Volume Bid Ask Time
828.3 18274 2020-08-07 13:45:03
Expiration2020-10-28Open Time18:00
Close Time17:00
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