Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Wednesday, August 17, 2022.

DOMESTIC HOT-ROLLED COIL STEEL Jun 2023 (NYMEX:HRC.M23)

Sidelines Mode (+55) - HRC.M23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid HRC.M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.M23.

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

NYMEX_HRC.M23
Open High Low HRC.M23 Price Change
915 915 906 910 0
Entry Signal

MarketClub’s Trade Triangles for HRC.M23

long term up The long-term trend has been UP since Aug 10th, 2022 at 925

intermediate term up The intermediate-term trend has been UP since Jul 8th, 2022 at 876

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 925

Smart Scan Analysis for HRC.M23

Based on our trend formula, HRC.M23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HRC.M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
915 915 906 910 0
Prev. Close Volume Bid Ask Time
906 24 2022-08-16 09:59:23
Expiration2023-06-27Open Time18:00
Close Time17:00
Get a free daily analysis and signals for DOMESTIC HOT-ROLLED COIL STEEL Jun 2023 (HRC.M23) - Request Your Free Report.