Future Trend Analysis Report
Prepared for you on Tuesday, September 21, 2021.
E-MICRO GOLD Oct 2022 (NYMEX:MGC.V22)
Countertrend Down (-85) - MGC.V22 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid MGC.V22?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.V22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.V22
The long-term trend has been DOWN since Aug 6th, 2021 at 1784.1
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 1787.0
The short-term trend has been UP since Sep 21st, 2021 at 1774.0
Smart Scan Analysis for MGC.V22
Based on our trend formula, MGC.V22 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).