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Future Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

DOMESTIC HOT-ROLLED COIL STEEL Jan 2021 (NYMEX:HRC.F21)

Sidelines Mode (+50) - HRC.F21 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HRC.F21 can gain momentum.

Is it time to buy, sell, or avoid HRC.F21?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.F21.

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

NYMEX_HRC.F21
Open High Low HRC.F21 Price Change
545 545 545 545 +15
Entry Signal

MarketClub’s Trade Triangles for HRC.F21

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 565

intermediate term up The intermediate-term trend has been UP since May 4th, 2020 at 535

short term up The short-term trend has been UP since May 21st, 2020 at 533

Smart Scan Analysis for HRC.F21

Based on our trend formula, HRC.F21 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for HRC.F21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
545 545 545 545 +15
Prev. Close Volume Bid Ask Time
515 4 2020-05-21 16:57:03
Expiration2021-01-26Open Time18:00
Close Time17:00
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