Future Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
E-MICRO GOLD Oct 2021 (NYMEX:MGC.V21)
Bull Market Weakness (+75) - MGC.V21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MGC.V21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MGC.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.V21
The long-term trend has been DOWN since Sep 23rd, 2020 at 1927.0
The intermediate-term trend has been UP since Apr 8th, 2021 at 1754.8
The short-term trend has been UP since May 3rd, 2021 at 1791.7
Smart Scan Analysis for MGC.V21
Based on our trend formula, MGC.V21 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).