Future Trend Analysis Report
Prepared for you on Wednesday, June 23, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Mar 2022 (NYMEX:HRC.H22)
Strong Uptrend (+100) - HRC.H22 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HRC.H22 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid HRC.H22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.H22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.H22
The long-term trend has been UP since Feb 3rd, 2021 at 695
The intermediate-term trend has been UP since Jun 15th, 2021 at 1175
The short-term trend has been UP since May 28th, 2021 at 1080
Smart Scan Analysis for HRC.H22
Based on our trend formula, HRC.H22 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).