Future Trend Analysis Report
Prepared for you on Sunday, July 12, 2020.
E-MICRO GOLD Feb 2021 (NYMEX:MGC.G21)
Long-Term Uptrend (+90) - MGC.G21 is in a strong uptrend that is likely to continue. While MGC.G21 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.G21?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.G21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.G21
The long-term trend has been UP since Apr 6th, 2020 at 1710.5
The intermediate-term trend has been UP since Jun 19th, 2020 at 1775.9
The short-term trend has been UP since Jul 7th, 2020 at 1827.0
Smart Scan Analysis for MGC.G21
Based on our trend formula, MGC.G21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).