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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.

NYMEX_MGC.M21
Open High Low MGC.M21 Price Change
1924.1 1934.2 1920.0 1934.2 +4.2
Entry Signal

MarketClub’s Trade Triangles for MGC.M21

long term up The long-term trend has been UP since Jan 14th, 2020 at 1542.0

intermediate term down The intermediate-term trend has been DOWN since Aug 21st, 2020 at 1943.7

short term down 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).

+60
Smart Scan Analysis for MGC.M21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1924.1 1934.2 1920.0 1934.2 +4.2
Prev. Close Volume Bid Ask Time
1987.0 125 2020-10-20 15:32:04
Expiration2021-06-28Open Time18:00
Close Time17:00
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