Future Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
DOMESTIC HOT-ROLLED COIL STEEL Nov 2018 (E) (NYMEX:HRC.X18.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.X18.E
The long term trend has been UP since Oct 13th, 2016 at 443
The intermediate term trend has been DOWN since Oct 17th, 2018 at 820
The short term trend has been DOWN since Oct 17th, 2018 at 830
Smart Scan Analysis for HRC.X18.E
Based on a pre-defined weighted trend formula for chart analysis, HRC.X18.E scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||890||Contract High Date||2018-05-31|
|Contract Low||620||Contract Low Date||2017-11-30|
|Open Time||18:00||Close Time||17:00|