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Future Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

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

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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
1515.4 1516.7 1497.5 1501.5 -16.0
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 up The intermediate term trend has been UP since May 8th, 2019 at 1301.1

short term down The short term trend has been DOWN since Aug 19th, 2019 at 1507.7

Smart Scan Analysis for MGC.V19

Based on a pre-defined weighted trend formula for chart analysis, MGC.V19 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for MGC.V19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1515.4 1516.7 1497.5 1501.5 -16.0
Prev. Close Volume Bid Ask Time
1290 700 2019-08-19 08:50:04
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.