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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.

NYMEX_HRC.J22
Open High Low HRC.J22 Price Change
1200 1225 1200 1150 +15
Entry Signal

MarketClub’s Trade Triangles for HRC.J22

long term down The long-term trend has been DOWN since Nov 29th, 2021 at 1201

intermediate term down The intermediate-term trend has been DOWN since Nov 29th, 2021 at 1295

short term down 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).

-90
Smart Scan Analysis for HRC.J22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1200 1225 1200 1150 +15
Prev. Close Volume Bid Ask Time
1225 103 2021-11-29 17:28:51
Expiration2022-04-26Open Time18:00
Close Time17:00
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