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Future Trend Analysis Report

Prepared for you on Thursday, May 26, 2022.

DOMESTIC HOT-ROLLED COIL STEEL Jan 2023 (NYMEX:HRC.F23)

Crossroads (-60) - HRC.F23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid HRC.F23?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.F23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_HRC.F23
Open High Low HRC.F23 Price Change
945 945 945 945 +15
Entry Signal

MarketClub’s Trade Triangles for HRC.F23

long term up The long-term trend has been UP since Feb 3rd, 2022 at 870

intermediate term down The intermediate-term trend has been DOWN since Mar 29th, 2022 at 1350

short term down The short-term trend has been DOWN since Mar 29th, 2022 at 1280

Smart Scan Analysis for HRC.F23

Based on our trend formula, HRC.F23 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HRC.F23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
945 945 945 945 +15
Prev. Close Volume Bid Ask Time
910 1 2022-05-26 15:11:49
Expiration2023-01-24Open Time18:00
Close Time17:00
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