Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Thursday, January 20, 2022.

E-MICRO GOLD Oct 2022 (NYMEX:MGC.V22)

Countertrend Up (+85) - MGC.V22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

NYMEX_MGC.V22
Open High Low MGC.V22 Price Change
1849.5 1856.0 1847.2 1853.4 +1.4
Entry Signal

MarketClub’s Trade Triangles for MGC.V22

long term up The long-term trend has been UP since Nov 9th, 2021 at 1840.0

intermediate term up The intermediate-term trend has been UP since Dec 28th, 2021 at 1824.0

short term down The short-term trend has been DOWN since Jan 19th, 2022 at 1822.1

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).

+85
Smart Scan Analysis for MGC.V22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1849.5 1856.0 1847.2 1853.4 +1.4
Prev. Close Volume Bid Ask Time
1852.0 26 2022-01-20 12:25:17
Expiration2022-10-27Open Time18:00
Close Time17:00
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