Future Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Feb 2022 (NYMEX:HRC.G22)
Sidelines Mode (+55) - HRC.G22 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Oct 21st, 2021 at 1435
The short-term trend has been DOWN since Nov 15th, 2021 at 1475
Smart Scan Analysis for HRC.G22
Based on our trend formula, HRC.G22 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).