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.
MarketClub’s Trade Triangles for HRC.F21
The long-term trend has been DOWN since Feb 28th, 2020 at 565
The intermediate-term trend has been UP since May 4th, 2020 at 535
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).