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Future Trend Analysis Report

Prepared for you on Wednesday, October 5, 2022.

E-MICRO GOLD Apr 2023 (NYMEX:MGC.J23)

Sidelines Mode (+55) - MGC.J23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MGC.J23?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.J23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_MGC.J23
Open High Low MGC.J23 Price Change
1759.8 1762.4 1736.0 1747.7 -15.6
Entry Signal

MarketClub’s Trade Triangles for MGC.J23

long term down The long-term trend has been DOWN since Jul 1st, 2022 at 1845.0

intermediate term up The intermediate-term trend has been UP since Oct 5th, 2022 at 1761.5

short term down The short-term trend has been DOWN since Sep 28th, 2022 at 1658.0

Smart Scan Analysis for MGC.J23

Based on our trend formula, MGC.J23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MGC.J23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1759.8 1762.4 1736.0 1747.7 -15.6
Prev. Close Volume Bid Ask Time
1760.8 161 2022-10-05 12:26:40
Expiration2023-04-26Open Time18:00
Close Time17:00
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