Future Trend Analysis Report
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.
MarketClub’s Trade Triangles for HRC.F22
The long-term trend has been UP since Dec 30th, 2020 at 600
The intermediate-term trend has been UP since Apr 7th, 2021 at 950
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).