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Spread Trend Analysis Report

Prepared for you on Wednesday, January 19, 2022.

DOMESTIC HOT-ROLLED COIL STEEL Feb 2022/Mar 2022 Spread (NYMEX:HRC.G22_H22)

Long-Term Downtrend (-90) - HRC.G22_H22 is in a strong downtrend that is likely to continue. While HRC.G22_H22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HRC.G22_H22?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.G22_H22.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_HRC.G22_H22
Open High Low HRC.G22_H22 Price Change
160 160 160 210 +5
Entry Signal

MarketClub’s Trade Triangles for HRC.G22_H22

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for HRC.G22_H22

Based on our trend formula, HRC.G22_H22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HRC.G22_H22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
160 160 160 210 +5
Prev. Close Volume Bid Ask Time
166 2 2022-01-13 17:28:44
Open Time18:00Close Time17:00
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