Future Trend Analysis Report
Prepared for you on Friday, February 28, 2020.
E-MICRO GOLD Aug 2020 (NYMEX:MGC.Q20)
Bull Market Weakness (+75) - MGC.Q20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MGC.Q20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MGC.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.Q20
The long-term trend has been UP since Jan 2nd, 2020 at 1550.0
The intermediate-term trend has been UP since Dec 3rd, 2019 at 1492.5
The short-term trend has been DOWN since Feb 28th, 2020 at 1649.3
Smart Scan Analysis for MGC.Q20
Based on our trend formula, MGC.Q20 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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