Future Trend Analysis Report
Prepared for you on Monday, February 19, 2018.
E-MICRO GOLD Jun 2018 (E) (NYMEX:MGC.M18.E)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MGC.M18.E
The long term trend has been UP since Jan 2nd, 2018 at 1319.5
The intermediate term trend has been DOWN since Feb 6th, 2018 at 1335.3
The short term trend has been DOWN since Feb 19th, 2018 at 1355.9
Smart Scan Analysis for MGC.M18.E
Based on a pre-defined weighted trend formula for chart analysis, MGC.M18.E scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1375.9||Contract High Date||2018-01-25|
|Contract Low||1223.7||Contract Low Date||2017-01-25|
|Estimated Volume||885||First Delivery||2018-06-29|