Future Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
E-MICRO GOLD Jun 2021 (NYMEX:MGC.M21)
Long-Term Downtrend (-90) - MGC.M21 is in a strong downtrend that is likely to continue. While MGC.M21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Nov 23rd, 2020 at 1871.5
The intermediate-term trend has been DOWN since Jan 8th, 2021 at 1842.7
The short-term trend has been DOWN since Feb 25th, 2021 at 1796.0
Smart Scan Analysis for MGC.M21
Based on our trend formula, MGC.M21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).