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Future Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

DOMESTIC HOT-ROLLED COIL STEEL Feb 2023 (NYMEX:HRC.G23)

Crossroads (+60) - HRC.G23 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.G23?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.G23.

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

NYMEX_HRC.G23
Open High Low HRC.G23 Price Change
925 925 925 925 -5
Entry Signal

MarketClub’s Trade Triangles for HRC.G23

long term down The long-term trend has been DOWN since Jun 6th, 2022 at 900

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2022 at 888

short term up The short-term trend has been UP since Aug 8th, 2022 at 900

Smart Scan Analysis for HRC.G23

Based on our trend formula, HRC.G23 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for HRC.G23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
925 925 925 925 -5
Prev. Close Volume Bid Ask Time
925 10 2022-08-12 06:42:16
Expiration2023-02-21Open Time18:00
Close Time17:00
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