Future Trend Analysis Report
Prepared for you on Wednesday, June 3, 2020.
E-MICRO GOLD Aug 2020 (NYMEX:MGC.Q20)
Weak Downtrend (-65) - MGC.Q20 is showing signs of a strengthening downtrend. Monitor MGC.Q20 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MGC.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.Q20
The long-term trend has been UP since Apr 6th, 2020 at 1708.9
The intermediate-term trend has been DOWN since Jun 3rd, 2020 at 1705.0
The short-term trend has been DOWN since Jun 2nd, 2020 at 1725.3
Smart Scan Analysis for MGC.Q20
Based on our trend formula, MGC.Q20 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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