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Future Trend Analysis Report

Prepared for you on Tuesday, September 21, 2021.

E-MICRO GOLD Aug 2022 (NYMEX:MGC.Q22)

Long-Term Downtrend (-90) - MGC.Q22 is in a strong downtrend that is likely to continue. While MGC.Q22 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.Q22?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.Q22.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_MGC.Q22
Open High Low MGC.Q22 Price Change
1775.0 1781.0 1775.0 1784.8 +23.4
Entry Signal

MarketClub’s Trade Triangles for MGC.Q22

long term down The long-term trend has been DOWN since Aug 9th, 2021 at 1767.0

intermediate term down The intermediate-term trend has been DOWN since Sep 16th, 2021 at 1785.8

short term down The short-term trend has been DOWN since Sep 16th, 2021 at 1792.0

Smart Scan Analysis for MGC.Q22

Based on our trend formula, MGC.Q22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MGC.Q22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1775.0 1781.0 1775.0 1784.8 +23.4
Prev. Close Volume Bid Ask Time
1757.6 5 2021-09-21 08:55:00
Expiration2022-08-29Open Time18:00
Close Time17:00
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