Future Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
DOMESTIC HOT-ROLLED COIL STEEL Mar 2019 (E) (NYMEX:HRC.H19.E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
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.H19.E
The long term trend has been UP since Nov 28th, 2017 at 620
The intermediate term trend has been UP since Jul 18th, 2018 at 787
The short term trend has been DOWN since Aug 20th, 2018 at 786
Smart Scan Analysis for HRC.H19.E
Based on a pre-defined weighted trend formula for chart analysis, HRC.H19.E scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||840||Contract High Date||2018-05-31|
|Contract Low||620||Contract Low Date||2017-11-21|
|Open Time||18:00||Close Time||17:00|