Future Trend Analysis Report
Prepared for you on Saturday, July 21, 2018.
DOMESTIC HOT-ROLLED COIL STEEL Dec 2018 (E) (NYMEX:HRC.Z18.E)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.Z18.E
The long term trend has been UP since Oct 13th, 2016 at 443
The intermediate term trend has been DOWN since Jul 5th, 2018 at 809
The short term trend has been DOWN since Jul 19th, 2018 at 808
Smart Scan Analysis for HRC.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, HRC.Z18.E scored -60 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|