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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.

NYMEX_@HRC.K20
Open High Low @HRC.K20 Price Change
467 467 467 468 +1
Entry Signal

MarketClub’s Trade Triangles for @HRC.K20

long term down The long-term trend has been DOWN since Feb 11th, 2020 at 545

intermediate term down The intermediate-term trend has been DOWN since May 26th, 2020 at 470

short term down 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).

-90
Smart Scan Analysis for @HRC.K20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
467 467 467 468 +1
Prev. Close Volume Bid Ask Time
467 0 2020-05-26 09:16:56
52wk High64052wk High Date2019-05-08
52wk Low44552wk Low Date2020-04-03
Volatility24.95Expiration2020-05-26
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