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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.

NYMEX_HRC.G22
Open High Low HRC.G22 Price Change
929 930 929 930 -1
Entry Signal

MarketClub’s Trade Triangles for HRC.G22

long term up The long-term trend has been UP since Jan 5th, 2021 at 700

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2021 at 920

short term up 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).

+80
Smart Scan Analysis for HRC.G22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
929 930 929 930 -1
Prev. Close Volume Bid Ask Time
935 4 2021-04-08 12:32:28
Expiration2022-02-22Open Time18:00
Close Time17:00
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