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Futopt Trend Analysis Report

Prepared for you on Friday, May 20, 2022.

GOLD Jun 2022 24000 Put (NYMEX:OG.M22.24000P)

Long-Term Downtrend (-90) - OG.M22.24000P is in a strong downtrend that is likely to continue. While OG.M22.24000P is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid OG.M22.24000P?

MarketClub looks at technical strength and momentum to determine if the timing is right for OG.M22.24000P.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_OG.M22.24000P
Open High Low OG.M22.24000P Price Change
564.8 564.8 564.8 558.9 +47.6
Entry Signal

MarketClub’s Trade Triangles for OG.M22.24000P

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for OG.M22.24000P

Based on our trend formula, OG.M22.24000P is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for OG.M22.24000P
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
564.8 564.8 564.8 558.9 +47.6
Prev. Close Volume Bid Ask Time
591.8 1 2022-05-10 16:01:23
Strike Price24Expiration2022-05-25
Open Time18:00Close Time17:00
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