Future Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Apr 2021 (NYMEX:HRC.J21)
Strong Uptrend (+100) - HRC.J21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HRC.J21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid HRC.J21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.J21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.J21
The long-term trend has been UP since Jun 3rd, 2020 at 540
The intermediate-term trend has been UP since Oct 13th, 2020 at 582
The short-term trend has been UP since Apr 7th, 2021 at 1354
Smart Scan Analysis for HRC.J21
Based on our trend formula, HRC.J21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).