Future Trend Analysis Report
Prepared for you on Tuesday, October 20, 2020.
E-MICRO GOLD Jun 2021 (NYMEX:MGC.M21)
Crossroads (+60) - MGC.M21 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MGC.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.M21
The long-term trend has been UP since Jan 14th, 2020 at 1542.0
The intermediate-term trend has been DOWN since Aug 21st, 2020 at 1943.7
The short-term trend has been DOWN since Oct 20th, 2020 at 1920.5
Smart Scan Analysis for MGC.M21
Based on our trend formula, MGC.M21 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).