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Future Trend Analysis Report

Prepared for you on Sunday, August 25, 2019.

E-MICRO GOLD Dec 2019 (NYMEX:MGC.Z19)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

NYMEX_MGC.Z19
Open High Low MGC.Z19 Price Change
1507.7 1540.6 1503.1 1537.2 +28.7
Entry Signal

MarketClub’s Trade Triangles for MGC.Z19

long term up The long term trend has been UP since Jun 5th, 2019 at 1348.0

intermediate term up The intermediate term trend has been UP since May 13th, 2019 at 1307.9

short term down The short term trend has been DOWN since Aug 23rd, 2019 at 1504.6

Smart Scan Analysis for MGC.Z19

Based on a pre-defined weighted trend formula for chart analysis, MGC.Z19 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for MGC.Z19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1507.7 1540.6 1503.1 1537.2 +28.7
Prev. Close Volume Bid Ask Time
1296.1 44407 2019-08-23 16:59:48
First Delivery2019-12-31Expiration2019-12-27
Open Time18:00Close Time17:00
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