Future Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
DOMESTIC HOT-ROLLED COIL STEEL Dec 2018 (E) (NYMEX:HRC.Z18.E)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.Z18.E
The long term trend has been DOWN since Sep 4th, 2018 at 788
The intermediate term trend has been DOWN since Nov 9th, 2018 at 806
The short term trend has been DOWN since Oct 31st, 2018 at 825
Smart Scan Analysis for HRC.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, HRC.Z18.E scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||880||Contract High Date||2018-05-31|
|Contract Low||620||Contract Low Date||2017-11-30|
|Open Time||18:00||Close Time||17:00|