Future Trend Analysis Report
Prepared for you on Tuesday, July 7, 2020.
E-MICRO GOLD Oct 2020 (NYMEX:MGC.V20)
Countertrend Up (+85) - MGC.V20 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MGC.V20?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.V20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.V20
The long-term trend has been UP since Apr 6th, 2020 at 1711.4
The intermediate-term trend has been UP since Jun 21st, 2020 at 1767.0
The short-term trend has been DOWN since Jul 6th, 2020 at 1791.0
Smart Scan Analysis for MGC.V20
Based on our trend formula, MGC.V20 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).