Future Trend Analysis Report
Prepared for you on Monday, June 14, 2021.
E-MICRO GOLD Jun 2021 (NYMEX:MGC.M21)
Sidelines Mode (-55) - MGC.M21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MGC.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.M21
The long-term trend has been UP since May 17th, 2021 at 1868.0
The intermediate-term trend has been DOWN since Jun 14th, 2021 at 1855.0
The short-term trend has been UP since Jun 11th, 2021 at 1899.7
Smart Scan Analysis for MGC.M21
Based on our trend formula, MGC.M21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).