Futopt Trend Analysis Report
Prepared for you on Wednesday, July 28, 2021.
GOLD Dec 2021 16300 Put (NYMEX:OG.Z21.16300P)
Long-Term Downtrend (-90) - OG.Z21.16300P is in a strong downtrend that is likely to continue. While OG.Z21.16300P 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.Z21.16300P?
MarketClub looks at technical strength and momentum to determine if the timing is right for OG.Z21.16300P.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OG.Z21.16300P
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for OG.Z21.16300P
Based on our trend formula, OG.Z21.16300P is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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