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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.

NYMEX_HRC.G22
Open High Low HRC.G22 Price Change
1405 1405 1395 1395 -50
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 Oct 21st, 2021 at 1435

short term down 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).

+55
Smart Scan Analysis for HRC.G22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1405 1405 1395 1395 -50
Prev. Close Volume Bid Ask Time
1395 33 2021-11-26 12:52:02
Expiration2022-02-22Open Time18:00
Close Time17:00
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