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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.

NYMEX_MGC.V20
Open High Low MGC.V20 Price Change
1806.3 1808.6 1793.5 1798.7 -6.8
Entry Signal

MarketClub’s Trade Triangles for MGC.V20

long term up The long-term trend has been UP since Apr 6th, 2020 at 1711.4

intermediate term up The intermediate-term trend has been UP since Jun 21st, 2020 at 1767.0

short term down 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).

+85
Smart Scan Analysis for MGC.V20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1806.3 1808.6 1793.5 1798.7 -6.8
Prev. Close Volume Bid Ask Time
1747.5 414 2020-07-07 08:30:11
Expiration2020-10-28Open Time18:00
Close Time17:00
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