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.
MarketClub’s Trade Triangles for HRC.G21
The long-term trend has been DOWN since Feb 27th, 2020 at 565
The intermediate-term trend has been UP since May 5th, 2020 at 532
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).