Future Trend Analysis Report
Prepared for you on Thursday, July 9, 2020.
E-MICRO GOLD Jun 2020 (NYMEX:MGC.M20)
Long-Term Uptrend (+90) - MGC.M20 is in a strong uptrend that is likely to continue. While MGC.M20 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.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.M20
The long-term trend has been UP since Apr 6th, 2020 at 1707.1
The intermediate-term trend has been UP since Jun 22nd, 2020 at 1746.9
The short-term trend has been UP since Jun 18th, 2020 at 1730.0
Smart Scan Analysis for MGC.M20
Based on our trend formula, MGC.M20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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