Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
DOMESTIC HOT-ROLLED COIL STEEL Jul 2022 (NYMEX:HRC.N22)
Bear Market Rally (-75) - HRC.N22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HRC.N22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HRC.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.N22
The long-term trend has been DOWN since Jun 1st, 2022 at 1000
The intermediate-term trend has been DOWN since Apr 11th, 2022 at 1430
The short-term trend has been UP since Jun 27th, 2022 at 937
Smart Scan Analysis for HRC.N22
Based on our trend formula, HRC.N22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).