Future Trend Analysis Report
Prepared for you on Saturday, May 21, 2022.
DOMESTIC HOT-ROLLED COIL STEEL Jun 2022 (NYMEX:HRC.M22)
Crossroads (-60) - HRC.M22 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.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.M22
The long-term trend has been UP since Mar 1st, 2022 at 1160
The intermediate-term trend has been DOWN since Apr 8th, 2022 at 1496
The short-term trend has been DOWN since May 18th, 2022 at 1177
Smart Scan Analysis for HRC.M22
Based on our trend formula, HRC.M22 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).