Future Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
DOMESTIC HOT-ROLLED COIL STEEL Dec 2022 (NYMEX:HRC.Z22)
Sidelines Mode (+55) - HRC.Z22 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HRC.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.Z22
The long-term trend has been DOWN since May 18th, 2022 at 900
The intermediate-term trend has been UP since Jul 28th, 2022 at 880
The short-term trend has been DOWN since Aug 2nd, 2022 at 870
Smart Scan Analysis for HRC.Z22
Based on our trend formula, HRC.Z22 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).