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Future Trend Analysis Report

Prepared for you on Sunday, March 7, 2021.

E-MICRO GOLD Aug 2021 (NYMEX:MGC.Q21)

Long-Term Downtrend (-90) - MGC.Q21 is in a strong downtrend that is likely to continue. While MGC.Q21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

NYMEX_MGC.Q21
Open High Low MGC.Q21 Price Change
1699.7 1710.3 1689.7 1703.8 +4.3
Entry Signal

MarketClub’s Trade Triangles for MGC.Q21

long term down The long-term trend has been DOWN since Nov 23rd, 2020 at 1873.9

intermediate term down The intermediate-term trend has been DOWN since Jan 10th, 2021 at 1840.0

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 1798.5

Smart Scan Analysis for MGC.Q21

Based on our trend formula, MGC.Q21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MGC.Q21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1699.7 1710.3 1689.7 1703.8 +4.3
Prev. Close Volume Bid Ask Time
1704.3 276 2021-03-05 16:50:09
Expiration2021-08-27Open Time18:00
Close Time17:00
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