Future Trend Analysis Report
Prepared for you on Thursday, September 24, 2020.
DOMESTIC HOT-ROLLED COIL STEEL Sep 2020 (NYMEX:HRC.U20)
Long-Term Uptrend (+90) - HRC.U20 is in a strong uptrend that is likely to continue. While HRC.U20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid HRC.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.U20
The long-term trend has been UP since Sep 16th, 2020 at 542
The intermediate-term trend has been UP since Aug 28th, 2020 at 517
The short-term trend has been UP since Aug 17th, 2020 at 499
Smart Scan Analysis for HRC.U20
Based on our trend formula, HRC.U20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).