Future Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
DOMESTIC HOT-ROLLED COIL STEEL Mar 2020 (NYMEX:HRC.H20)
Crossroads (+60) - HRC.H20 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HRC.H20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.H20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.H20
The long-term trend has been DOWN since Feb 3rd, 2020 at 548
The intermediate-term trend has been UP since Feb 19th, 2020 at 571
The short-term trend has been UP since Feb 12th, 2020 at 553
Smart Scan Analysis for HRC.H20
Based on our trend formula, HRC.H20 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).