Future Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
E-MICRO GOLD Dec 2018 (E) (NYMEX:MGC.Z18.E)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.Z18.E
The long term trend has been UP since Jan 2nd, 2018 at 1332.9
The intermediate term trend has been UP since Mar 23rd, 2018 at 1365.6
The short term trend has been DOWN since Apr 20th, 2018 at 1359.5
Smart Scan Analysis for MGC.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, MGC.Z18.E scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1391.4||Contract High Date||2018-01-25|
|Contract Low||1232.8||Contract Low Date||2017-03-10|
|Estimated Volume||766||First Delivery||2018-12-31|