Future Trend Analysis Report
Prepared for you on Thursday, September 23, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Sep 2021 (NYMEX:HRC.U21)
Crossroads (+60) - HRC.U21 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HRC.U21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.U21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.U21
The long-term trend has been UP since Aug 28th, 2020 at 552
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 1918
The short-term trend has been DOWN since Sep 20th, 2021 at 1918
Smart Scan Analysis for HRC.U21
Based on our trend formula, HRC.U21 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).