Future Trend Analysis Report
Prepared for you on Friday, May 14, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Jun 2021 (NYMEX:HRC.M21)
Weak Uptrend (+65) - HRC.M21 is showing signs of weakening momentum to the upside. Monitor HRC.M21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HRC.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.M21
The long-term trend has been UP since Aug 31st, 2020 at 553
The intermediate-term trend has been UP since Feb 9th, 2021 at 910
The short-term trend has been DOWN since May 13th, 2021 at 1615
Smart Scan Analysis for HRC.M21
Based on our trend formula, HRC.M21 is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).