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Future Trend Analysis Report

Prepared for you on Friday, July 3, 2020.

DOMESTIC HOT-ROLLED COIL STEEL Jun 2020 (NYMEX:HRC.M20)

Countertrend Down (-85) - HRC.M20 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid HRC.M20?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.M20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_HRC.M20
Open High Low HRC.M20 Price Change
499 499 498 498 -3
Entry Signal

MarketClub’s Trade Triangles for HRC.M20

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 549

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2020 at 508

short term up The short-term trend has been UP since Jun 3rd, 2020 at 516

Smart Scan Analysis for HRC.M20

Based on our trend formula, HRC.M20 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for HRC.M20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
499 499 498 498 -3
Prev. Close Volume Bid Ask Time
507 20 2020-06-22 17:28:26
Expiration2020-06-23Open Time18:00
Close Time17:00
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