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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.

NYMEX_MGC.M20
Open High Low MGC.M20 Price Change
1761.5 1763.7 1761.5 1763.7 -0.7
Entry Signal

MarketClub’s Trade Triangles for MGC.M20

long term up The long-term trend has been UP since Apr 6th, 2020 at 1707.1

intermediate term up The intermediate-term trend has been UP since Jun 22nd, 2020 at 1746.9

short term up 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).

+90
Smart Scan Analysis for MGC.M20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1761.5 1763.7 1761.5 1763.7 -0.7
Prev. Close Volume Bid Ask Time
1729.5 4 2020-06-25 17:28:34
First Delivery2020-06-30Expiration2020-06-26
Open Time18:00Close Time17:00
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