Future Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
E-MICRO GOLD Dec 2020 (NYMEX:MGC.Z20)
Long-Term Uptrend (+90) - MGC.Z20 is in a strong uptrend that is likely to continue. While MGC.Z20 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.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGC.Z20
The long-term trend has been UP since Apr 6th, 2020 at 1712.9
The intermediate-term trend has been UP since Jun 19th, 2020 at 1770.7
The short-term trend has been UP since Jul 20th, 2020 at 1836.4
Smart Scan Analysis for MGC.Z20
Based on our trend formula, MGC.Z20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).