Future Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Feb 2021 (NYMEX:HRC.G21)
Countertrend Up (+85) - HRC.G21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for HRC.G21
The long-term trend has been UP since Aug 3rd, 2020 at 543
The intermediate-term trend has been UP since Jul 20th, 2020 at 524
The short-term trend has been DOWN since Feb 16th, 2021 at 1169
Smart Scan Analysis for HRC.G21
Based on our trend formula, HRC.G21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).