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.
MarketClub’s Trade Triangles for HRC.G23
The long-term trend has been DOWN since Jun 6th, 2022 at 900
The intermediate-term trend has been UP since Jul 27th, 2022 at 888
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).