Future Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
DOMESTIC HOT-ROLLED COIL STEEL Jan 2019 (E) (NYMEX:HRC.F19.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HRC.F19.E
The long term trend has been DOWN since Sep 6th, 2018 at 776
The intermediate term trend has been UP since Sep 17th, 2018 at 805
The short term trend has been DOWN since Oct 17th, 2018 at 810
Smart Scan Analysis for HRC.F19.E
Based on a pre-defined weighted trend formula for chart analysis, HRC.F19.E scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||855||Contract High Date||2018-05-31|
|Contract Low||620||Contract Low Date||2017-11-21|
|Open Time||18:00||Close Time||17:00|