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Future Trend Analysis Report

Prepared for you on Tuesday, January 25, 2022.

DOMESTIC HOT-ROLLED COIL STEEL Mar 2022 (NYMEX:HRC.H22)

Long-Term Downtrend (-90) - HRC.H22 is in a strong downtrend that is likely to continue. While HRC.H22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

NYMEX_HRC.H22
Open High Low HRC.H22 Price Change
1000 1014 990 1004 +9
Entry Signal

MarketClub’s Trade Triangles for HRC.H22

long term down The long-term trend has been DOWN since Jan 6th, 2022 at 1196

intermediate term down The intermediate-term trend has been DOWN since Nov 22nd, 2021 at 1342

short term down The short-term trend has been DOWN since Jan 4th, 2022 at 1236

Smart Scan Analysis for HRC.H22

Based on our trend formula, HRC.H22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HRC.H22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1000 1014 990 1004 +9
Prev. Close Volume Bid Ask Time
1014 78 2022-01-24 17:28:48
Expiration2022-03-29Open Time18:00
Close Time17:00
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