Future Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
DOMESTIC HOT-ROLLED COIL STEEL MAY 2020 (NYMEX:@HRC.K20)
Long-Term Downtrend (-90) - @HRC.K20 is in a strong downtrend that is likely to continue. While @HRC.K20 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @HRC.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @HRC.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @HRC.K20
The long-term trend has been DOWN since Feb 11th, 2020 at 545
The intermediate-term trend has been DOWN since May 26th, 2020 at 470
The short-term trend has been DOWN since May 14th, 2020 at 471
Smart Scan Analysis for @HRC.K20
Based on our trend formula, @HRC.K20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||640||52wk High Date||2019-05-08|
|52wk Low||445||52wk Low Date||2020-04-03|