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Future Trend Analysis Report

Prepared for you on Monday, November 19, 2018.

E-MICRO GOLD Dec 2019 (E) (NYMEX:MGC.Z19.E)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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.

NYMEX_MGC.Z19.E
Open High Low MGC.Z19.E Price Change
1257.0 1262.3 1257.0 1261.8 +2.8
Entry Signal

MarketClub’s Trade Triangles for MGC.Z19.E

long term down The long term trend has been DOWN since May 1st, 2018 at 1367.6

intermediate term down The intermediate term trend has been DOWN since Nov 9th, 2018 at 1249.9

short term up The short term trend has been UP since Nov 15th, 2018 at 1248.4

Smart Scan Analysis for MGC.Z19.E

Based on a pre-defined weighted trend formula for chart analysis, MGC.Z19.E scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for MGC.Z19.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1257.0 1262.3 1257.0 1261.8 +2.8
Prev. Close Volume Bid Ask Time
1257.2 8 2018-11-19 14:23:23
Contract High1397.4Contract High Date2018-04-22
Contract Low1206.4Contract Low Date2018-08-15
Estimated Volume8First Delivery2019-12-31
Expiration2019-12-27Open Time18:00
Close Time17:00
Want to analyze E-MICRO GOLD Dec 2019 (E) MGC.Z19.E or another symbol? Try our Free Future Trend Analysis Report.