Spread Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Apr 2021/Dec 2021 Spread (NYMEX:HRC.J21_Z21)
Strong Downtrend (-100) - HRC.J21_Z21 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HRC.J21_Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.J21_Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.J21_Z21
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for HRC.J21_Z21
Based on our trend formula, HRC.J21_Z21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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