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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.

NYMEX_HRC.K22
Open High Low HRC.K22 Price Change
1230 1230 1230 1220 +18
Entry Signal

MarketClub’s Trade Triangles for HRC.K22

long term up The long-term trend has been UP since Jun 30th, 2021 at 1231

intermediate term down The intermediate-term trend has been DOWN since Sep 15th, 2021 at 1430

short term down 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).

-60
Smart Scan Analysis for HRC.K22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1230 1230 1230 1220 +18
Prev. Close Volume Bid Ask Time
1230 179 2021-10-15 10:41:53
Expiration2022-05-24Open Time18:00
Close Time17:00
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