Future Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Nov 2021 (NYMEX:HRC.X21)
Strong Uptrend (+100) - HRC.X21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HRC.X21 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.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.X21
The long-term trend has been UP since Oct 26th, 2020 at 578
The intermediate-term trend has been UP since Oct 4th, 2021 at 1830
The short-term trend has been UP since Nov 22nd, 2021 at 1804
Smart Scan Analysis for HRC.X21
Based on our trend formula, HRC.X21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).