Future Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
DOMESTIC HOT-ROLLED COIL STEEL Oct 2018 (E) (NYMEX:HRC.V18.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.V18.E
The long term trend has been UP since Oct 13th, 2016 at 443
The intermediate term trend has been UP since Sep 17th, 2018 at 839
The short term trend has been UP since Oct 10th, 2018 at 828
Smart Scan Analysis for HRC.V18.E
Based on a pre-defined weighted trend formula for chart analysis, HRC.V18.E scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||901||Contract High Date||2018-05-31|
|Contract Low||620||Contract Low Date||2017-11-30|
|Open Time||18:00||Close Time||17:00|