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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.

NYMEX_MGC.Q20
Open High Low MGC.Q20 Price Change
1735.2 1738.6 1690.3 1700.2 -33.8
Entry Signal

MarketClub’s Trade Triangles for MGC.Q20

long term up The long-term trend has been UP since Apr 6th, 2020 at 1708.9

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2020 at 1705.0

short term down 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).

-70
Smart Scan Analysis for MGC.Q20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1735.2 1738.6 1690.3 1700.2 -33.8
Prev. Close Volume Bid Ask Time
1591.4 73864 2020-06-03 15:55:42
First Delivery2020-08-31Expiration2020-08-27
Open Time18:00Close Time17:00
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