Future Trend Analysis Report
Prepared for you on Sunday, April 11, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Feb 2022 (NYMEX:HRC.G22)
Countertrend Up (+85) - HRC.G22 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.G22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.G22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.G22
The long-term trend has been UP since Jan 5th, 2021 at 700
The intermediate-term trend has been UP since Apr 7th, 2021 at 920
The short-term trend has been UP since Feb 25th, 2021 at 795
Smart Scan Analysis for HRC.G22
Based on our trend formula, HRC.G22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).