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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.

NYMEX_HRC.K20
Open High Low HRC.K20 Price Change
468 468 468 468 -4
Entry Signal

MarketClub’s Trade Triangles for HRC.K20

long term down The long-term trend has been DOWN since Feb 11th, 2020 at 545

intermediate term down The intermediate-term trend has been DOWN since May 26th, 2020 at 470

short term down 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).

-100
Smart Scan Analysis for HRC.K20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
468 468 468 468 -4
Prev. Close Volume Bid Ask Time
483 2 2020-05-26 09:16:56
Expiration2020-05-26Open Time18:00
Close Time17:00
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