Future Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
DOMESTIC HOT-ROLLED COIL STEEL Dec 2023 (NYMEX:HRC.Z23)
Strong Uptrend (+100) - HRC.Z23 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HRC.Z23 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.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.Z23
The long-term trend has been UP since Oct 19th, 2023 at 835
The intermediate-term trend has been UP since Sep 12th, 2023 at 764
The short-term trend has been UP since Nov 27th, 2023 at 1056
Smart Scan Analysis for HRC.Z23
Based on our trend formula, HRC.Z23 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).