Future Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
DOMESTIC HOT-ROLLED COIL STEEL Dec 2017 (E) (NYMEX:HRC.Z17.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.Z17.E
The long term trend has been DOWN since Oct 10th, 2017 at 593
The intermediate term trend has been DOWN since Sep 13th, 2017 at 630
The short term trend has been UP since Oct 13th, 2017 at 596
Smart Scan Analysis for HRC.Z17.E
Based on a pre-defined weighted trend formula for chart analysis, HRC.Z17.E scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||644||Contract High Date||2017-07-24|
|Contract Low||540||Contract Low Date||2016-11-09|
|Open Time||18:00||Close Time||17:00|