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Prepared for you on Monday, April 12, 2021.

DOMESTIC HOT-ROLLED COIL STEEL Jan 2022 (NYMEX:HRC.F22)

Countertrend Up (+85) - HRC.F22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid HRC.F22?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.F22.

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

NYMEX_HRC.F22
Open High Low HRC.F22 Price Change
974 974 945 960 -1
Entry Signal

MarketClub’s Trade Triangles for HRC.F22

long term up The long-term trend has been UP since Dec 30th, 2020 at 600

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2021 at 950

short term up The short-term trend has been UP since Feb 24th, 2021 at 805

Smart Scan Analysis for HRC.F22

Based on our trend formula, HRC.F22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for HRC.F22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
974 974 945 960 -1
Prev. Close Volume Bid Ask Time
954 5 2021-04-09 14:13:46
Expiration2022-01-25Open Time18:00
Close Time17:00
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