Future Trend Analysis Report
Prepared for you on Friday, February 28, 2020.
DOMESTIC HOT-ROLLED COIL STEEL Feb 2020 (NYMEX:@HRC.G20)
Sidelines Mode (+55) - @HRC.G20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid @HRC.G20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @HRC.G20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @HRC.G20
The long-term trend has been UP since Dec 2nd, 2019 at 590
The intermediate-term trend has been DOWN since Jan 29th, 2020 at 582
The short-term trend has been UP since Feb 18th, 2020 at 579
Smart Scan Analysis for @HRC.G20
Based on our trend formula, @HRC.G20 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||740||52wk High Date||2018-11-16|
|52wk Low||521||52wk Low Date||2019-10-04|