Future Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
DOMESTIC HOT-ROLLED COIL STEEL Nov 2020 (NYMEX:HRC.X20)
Strong Uptrend (+100) - HRC.X20 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HRC.X20 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid HRC.X20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.X20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.X20
The long-term trend has been UP since Sep 1st, 2020 at 547
The intermediate-term trend has been UP since Aug 3rd, 2020 at 528
The short-term trend has been UP since Nov 23rd, 2020 at 719
Smart Scan Analysis for HRC.X20
Based on our trend formula, HRC.X20 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).