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Future Trend Analysis Report

Prepared for you on Wednesday, November 14, 2018.

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

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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
1203.1 1205.2 1198.0 1200.1 -1.3
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 Nov 9th, 2018 at 1213.4

short term down The short term trend has been DOWN since Nov 7th, 2018 at 1226.2

Smart Scan Analysis for MGC.Z18.E

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

-100
Smart Scan Analysis for MGC.Z18.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1203.1 1205.2 1198.0 1200.1 -1.3
Prev. Close Volume Bid Ask Time
1202.8 2741 2018-11-14 06:36:46
Contract High1391.4Contract High Date2018-01-25
Contract Low1167Contract Low Date2018-08-15
Estimated Volume6550First 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.