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Future Trend Analysis Report

Prepared for you on Friday, August 17, 2018.

E-MICRO GOLD Dec 2018 (E) (NYMEX:MGC.Z18.E)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

NYMEX_MGC.Z18.E
Open High Low MGC.Z18.E Price Change
1181.0 1186.7 1178.6 1185.6 +1.6
Entry Signal

MarketClub’s Trade Triangles for MGC.Z18.E

long term down The long term trend has been DOWN since May 1st, 2018 at 1328.4

intermediate term down The intermediate term trend has been DOWN since Jun 15th, 2018 at 1299.7

short term down The short term trend has been DOWN since Jul 31st, 2018 at 1226.4

Smart Scan Analysis for MGC.Z18.E

Based on a pre-defined weighted trend formula for chart analysis, MGC.Z18.E scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for MGC.Z18.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1181.0 1186.7 1178.6 1185.6 +1.6
Prev. Close Volume Bid Ask Time
1181.1 3317 2018-08-17 09:16:40
Contract High1391.4Contract High Date2018-01-25
Contract Low1180.1Contract Low Date2018-08-15
Estimated Volume8609First Delivery2018-12-31
Expiration2018-12-27Open Time18:00
Close Time17:00
Want to analyze E-MICRO GOLD Dec 2018 (E) MGC.Z18.E or another symbol? Try our Free Future Trend Analysis Report.