Future Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
DOMESTIC HOT-ROLLED COIL STEEL Dec 2018 (E) (NYMEX:HRC.Z18.E)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since Sep 4th, 2018 at 788
The intermediate term trend has been UP since Sep 17th, 2018 at 812
The short term trend has been UP since Sep 13th, 2018 at 805
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|