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.
MarketClub’s Trade Triangles for HRC.F23
The long-term trend has been UP since Feb 3rd, 2022 at 870
The intermediate-term trend has been DOWN since Mar 29th, 2022 at 1350
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).