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Future Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

E-MICRO GOLD Oct 2019 (NYMEX:MGC.V19)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

NYMEX_MGC.V19
Open High Low MGC.V19 Price Change
1489.2 1489.2 1487.3 1487.3 -0.7
Entry Signal

MarketClub’s Trade Triangles for MGC.V19

long term up The long term trend has been UP since Jun 5th, 2019 at 1340.6

intermediate term down The intermediate term trend has been DOWN since Sep 9th, 2019 at 1497.0

short term down The short term trend has been DOWN since Oct 14th, 2019 at 1494.6

Smart Scan Analysis for MGC.V19

Based on a pre-defined weighted trend formula for chart analysis, MGC.V19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MGC.V19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1489.2 1489.2 1487.3 1487.3 -0.7
Prev. Close Volume Bid Ask Time
1510.0 4 2019-10-17 17:28:27
First Delivery2019-10-31Expiration2019-10-29
Open Time18:00Close Time17:00
Want to analyze E-MICRO GOLD Oct 2019 MGC.V19 or another symbol? Try our Free Future Trend Analysis Report.