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Future Trend Analysis Report

Prepared for you on Wednesday, August 4, 2021.

DOMESTIC HOT-ROLLED COIL STEEL Jul 2021 (NYMEX:HRC.N21)

Sidelines Mode (+55) - HRC.N21 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.N21?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.N21.

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

NYMEX_HRC.N21
Open High Low HRC.N21 Price Change
1786 1786 1786 1785 +6
Entry Signal

MarketClub’s Trade Triangles for HRC.N21

long term up The long-term trend has been UP since Aug 17th, 2020 at 543

intermediate term down The intermediate-term trend has been DOWN since Jul 19th, 2021 at 1778

short term up The short-term trend has been UP since Jul 27th, 2021 at 1785

Smart Scan Analysis for HRC.N21

Based on our trend formula, HRC.N21 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for HRC.N21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1786 1786 1786 1785 +6
Prev. Close Volume Bid Ask Time
1786 1 2021-07-27 17:28:45
Expiration2021-07-27Open Time18:00
Close Time17:00
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