Future Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
DOMESTIC HOT-ROLLED COIL STEEL Aug 2018 (E) (NYMEX:HRC.Q18.E)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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.Q18.E
The long term trend has been UP since Oct 13th, 2016 at 443
The intermediate term trend has been DOWN since Jun 28th, 2018 at 899
The short term trend has been UP since Aug 9th, 2018 at 898
Smart Scan Analysis for HRC.Q18.E
Based on a pre-defined weighted trend formula for chart analysis, HRC.Q18.E scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||930||Contract High Date||2018-06-11|
|Contract Low||623||Contract Low Date||2017-11-30|
|Open Time||18:00||Close Time||17:00|