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Future Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

E-MICRO GOLD Aug 2020 (NYMEX:MGC.Q20)

Long-Term Uptrend (+90) - MGC.Q20 is in a strong uptrend that is likely to continue. While MGC.Q20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

NYMEX_MGC.Q20
Open High Low MGC.Q20 Price Change
1732.1 1754.3 1725.3 1744.2 +12.5
Entry Signal

MarketClub’s Trade Triangles for MGC.Q20

long term up The long-term trend has been UP since Apr 6th, 2020 at 1708.9

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2020 at 1688.0

short term up The short-term trend has been UP since May 29th, 2020 at 1736.5

Smart Scan Analysis for MGC.Q20

Based on our trend formula, MGC.Q20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MGC.Q20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1732.1 1754.3 1725.3 1744.2 +12.5
Prev. Close Volume Bid Ask Time
1591.4 49891 2020-05-29 16:59:37
First Delivery2020-08-31Expiration2020-08-27
Open Time18:00Close Time17:00
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