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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.

NYMEX_HRC.M22
Open High Low HRC.M22 Price Change
1180 1185 1171 1180 +13
Entry Signal

MarketClub’s Trade Triangles for HRC.M22

long term up The long-term trend has been UP since Mar 1st, 2022 at 1160

intermediate term down The intermediate-term trend has been DOWN since Apr 8th, 2022 at 1496

short term down 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).

-60
Smart Scan Analysis for HRC.M22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1180 1185 1171 1180 +13
Prev. Close Volume Bid Ask Time
1185 8 2022-05-20 14:59:23
Expiration2022-06-28Open Time18:00
Close Time17:00
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