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Future Trend Analysis Report

Prepared for you on Friday, February 22, 2019.

E-MICRO GOLD Aug 2019 (NYMEX:MGC.Q19)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

NYMEX_MGC.Q19
Open High Low MGC.Q19 Price Change
1340.3 1344.7 1337.2 1344.7 +4.4
Entry Signal

MarketClub’s Trade Triangles for MGC.Q19

long term up The long term trend has been UP since Dec 7th, 2018 at 1264.2

intermediate term up The intermediate term trend has been UP since Jan 25th, 2019 at 1318.8

short term down The short term trend has been DOWN since Feb 22nd, 2019 at 1340.3

Smart Scan Analysis for MGC.Q19

Based on a pre-defined weighted trend formula for chart analysis, MGC.Q19 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for MGC.Q19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1340.3 1344.7 1337.2 1344.7 +4.4
Prev. Close Volume Bid Ask Time
1337.2 53 2019-02-22 10:58:14
First Delivery2019-08-30Expiration2019-08-28
Open Time18:00Close Time17:00
Want to analyze E-MICRO GOLD Aug 2019 MGC.Q19 or another symbol? Try our Free Future Trend Analysis Report.