Future Trend Analysis Report
Prepared for you on Thursday, December 2, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Apr 2022 (NYMEX:HRC.J22)
Long-Term Downtrend (-90) - HRC.J22 is in a strong downtrend that is likely to continue. While HRC.J22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HRC.J22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.J22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.J22
The long-term trend has been DOWN since Nov 29th, 2021 at 1201
The intermediate-term trend has been DOWN since Nov 29th, 2021 at 1295
The short-term trend has been DOWN since Nov 15th, 2021 at 1305
Smart Scan Analysis for HRC.J22
Based on our trend formula, HRC.J22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).