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.
MarketClub’s Trade Triangles for HRC.M20
The long-term trend has been DOWN since Feb 3rd, 2020 at 549
The intermediate-term trend has been DOWN since Jun 17th, 2020 at 508
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).