Future Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
E-MICRO GOLD Oct 2021 (NYMEX:MGC.V21)
Crossroads (+60) - MGC.V21 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MGC.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.V21
The long-term trend has been DOWN since Aug 6th, 2021 at 1761.3
The intermediate-term trend has been UP since Oct 13th, 2021 at 1775.9
The short-term trend has been UP since Oct 1st, 2021 at 1753.9
Smart Scan Analysis for MGC.V21
Based on our trend formula, MGC.V21 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).