Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Wednesday, June 3, 2020.

DOMESTIC HOT-ROLLED COIL STEEL Feb 2021 (NYMEX:HRC.G21)

Sidelines Mode (+50) - HRC.G21 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HRC.G21 can gain momentum.

Is it time to buy, sell, or avoid HRC.G21?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.G21.

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

NYMEX_HRC.G21
Open High Low HRC.G21 Price Change
540 540 540 540 +4
Entry Signal

MarketClub’s Trade Triangles for HRC.G21

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 565

intermediate term up The intermediate-term trend has been UP since May 5th, 2020 at 532

short term up The short-term trend has been UP since May 15th, 2020 at 533

Smart Scan Analysis for HRC.G21

Based on our trend formula, HRC.G21 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for HRC.G21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
540 540 540 540 +4
Prev. Close Volume Bid Ask Time
515 10 2020-06-02 06:57:37
Expiration2021-02-23Open Time18:00
Close Time17:00
Get a free daily analysis and signals for DOMESTIC HOT-ROLLED COIL STEEL Feb 2021 (HRC.G21) - Request Your Free Report.