Future Trend Analysis Report
Prepared for you on Thursday, September 24, 2020.
E-MICRO GOLD Aug 2021 (NYMEX:MGC.Q21)
Weak Downtrend (-65) - MGC.Q21 is showing signs of a strengthening downtrend. Monitor MGC.Q21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MGC.Q21?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.Q21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.Q21
The long-term trend has been UP since Jun 22nd, 2020 at 1784.2
The intermediate-term trend has been DOWN since Sep 21st, 2020 at 1940.0
The short-term trend has been DOWN since Sep 17th, 2020 at 1977.0
Smart Scan Analysis for MGC.Q21
Based on our trend formula, MGC.Q21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).