Future Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
E-MICRO GOLD Apr 2020 (NYMEX:MGC.J20)
Long-Term Uptrend (+90) - MGC.J20 is in a strong uptrend that is likely to continue. While MGC.J20 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.J20?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.J20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.J20
The long-term trend has been UP since Nov 1st, 2018 at 1286
The intermediate-term trend has been UP since Dec 3rd, 2019 at 1488
The short-term trend has been UP since Feb 13th, 2020 at 1577
Smart Scan Analysis for MGC.J20
Based on our trend formula, MGC.J20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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