Future Trend Analysis Report
Prepared for you on Thursday, September 24, 2020.
SILVER (TAS) Dec 2020 (NYMEX:SIT.Z20)
Long-Term Downtrend (-90) - SIT.Z20 is in a strong downtrend that is likely to continue. While SIT.Z20 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SIT.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIT.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIT.Z20
The long-term trend has been DOWN since Aug 28th, 2020 at -5
The intermediate-term trend has been DOWN since Sep 21st, 2020 at -2
The short-term trend has been DOWN since Sep 21st, 2020 at -1
Smart Scan Analysis for SIT.Z20
Based on our trend formula, SIT.Z20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).