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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.

NYMEX_HRC.Z22
Open High Low HRC.Z22 Price Change
880 883 880 883 +3
Entry Signal

MarketClub’s Trade Triangles for HRC.Z22

long term down The long-term trend has been DOWN since May 18th, 2022 at 900

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2022 at 880

short term down 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).

+55
Smart Scan Analysis for HRC.Z22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
880 883 880 883 +3
Prev. Close Volume Bid Ask Time
883 30 2022-08-05 12:50:18
Expiration2022-12-27Open Time18:00
Close Time17:00
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