Future Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
DOMESTIC HOT-ROLLED COIL STEEL May 2020 (NYMEX:HRC.K20)
Strong Downtrend (-100) - HRC.K20 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HRC.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.K20
The long-term trend has been DOWN since Feb 11th, 2020 at 545
The intermediate-term trend has been DOWN since May 26th, 2020 at 470
The short-term trend has been DOWN since May 26th, 2020 at 470
Smart Scan Analysis for HRC.K20
Based on our trend formula, HRC.K20 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).