Future Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
DOMESTIC HOT-ROLLED COIL STEEL May 2022 (NYMEX:HRC.K22)
Crossroads (-60) - HRC.K22 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HRC.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.K22
The long-term trend has been UP since Jun 30th, 2021 at 1231
The intermediate-term trend has been DOWN since Sep 15th, 2021 at 1430
The short-term trend has been DOWN since Oct 14th, 2021 at 1220
Smart Scan Analysis for HRC.K22
Based on our trend formula, HRC.K22 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).