Future Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
E-MICRO GOLD Apr 2018 (E) (NYMEX:MGC.J18.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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.J18.E
The long term trend has been UP since Jan 2nd, 2018 at 1315.4
The intermediate term trend has been DOWN since Feb 6th, 2018 at 1329.4
The short term trend has been DOWN since Feb 19th, 2018 at 1349.8
Smart Scan Analysis for MGC.J18.E
Based on a pre-defined weighted trend formula for chart analysis, MGC.J18.E scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1399||Contract High Date||2016-07-06|
|Contract Low||1190.4||Contract Low Date||2016-12-05|
|Estimated Volume||5058||First Delivery||2018-04-30|