Future Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
E-MICRO GOLD Feb 2020 (NYMEX:MGC.G20)
Long-Term Uptrend (+90) - MGC.G20 is in a strong uptrend that is likely to continue. While MGC.G20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MGC.G20?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.G20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.G20
The long-term trend has been UP since Jun 5th, 2019 at 1352.2
The intermediate-term trend has been UP since Dec 3rd, 2019 at 1482.5
The short-term trend has been UP since Feb 16th, 2020 at 1575.3
Smart Scan Analysis for MGC.G20
Based on our trend formula, MGC.G20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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