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.
MarketClub’s Trade Triangles for HRC.N21
The long-term trend has been UP since Aug 17th, 2020 at 543
The intermediate-term trend has been DOWN since Jul 19th, 2021 at 1778
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).