Future Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
E-MICRO GOLD Oct 2020 (NYMEX:MGC.V20)
Long-Term Uptrend (+90) - MGC.V20 is in a strong uptrend that is likely to continue. While MGC.V20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MGC.V20?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.V20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.V20
The long-term trend has been UP since Apr 6th, 2020 at 1711.4
The intermediate-term trend has been UP since Apr 6th, 2020 at 1680.3
The short-term trend has been UP since May 29th, 2020 at 1743.7
Smart Scan Analysis for MGC.V20
Based on our trend formula, MGC.V20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).