Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Sunday, October 2, 2022.

E-MICRO GOLD Dec 2023 (NYMEX:MGC.Z23)

Bear Market Rally (-75) - MGC.Z23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MGC.Z23 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid MGC.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.Z23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_MGC.Z23
Open High Low MGC.Z23 Price Change
1754.2 1761.0 1754.2 1750.4 +21.0
Entry Signal

MarketClub’s Trade Triangles for MGC.Z23

long term down The long-term trend has been DOWN since Jun 13th, 2022 at 1923

intermediate term down The intermediate-term trend has been DOWN since Aug 23rd, 2022 at 1834

short term up The short-term trend has been UP since Sep 30th, 2022 at 1746

Smart Scan Analysis for MGC.Z23

Based on our trend formula, MGC.Z23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MGC.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1754.2 1761.0 1754.2 1750.4 +21.0
Prev. Close Volume Bid Ask Time
1758.0 7 2022-09-30 11:54:46
Expiration2023-12-27Open Time18:00
Close Time17:00
Get a free daily analysis and signals for E-MICRO GOLD Dec 2023 (MGC.Z23) - Request Your Free Report.