Future Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
E-MICRO GOLD Jun 2022 (NYMEX:MGC.M22)
Weak Downtrend (-65) - MGC.M22 is showing signs of a strengthening downtrend. Monitor MGC.M22 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MGC.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.M22
The long-term trend has been UP since Nov 9th, 2021 at 1838.0
The intermediate-term trend has been DOWN since Jan 28th, 2022 at 1786.6
The short-term trend has been DOWN since Jan 26th, 2022 at 1837.7
Smart Scan Analysis for MGC.M22
Based on our trend formula, MGC.M22 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).