Future Trend Analysis Report
Prepared for you on Monday, February 6, 2023.
DOMESTIC HOT-ROLLED COIL STEEL Mar 2023 (NYMEX:HRC.H23)
Bull Market Weakness (+75) - HRC.H23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HRC.H23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HRC.H23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.H23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.H23
The long-term trend has been DOWN since Jun 13th, 2022 at 925
The intermediate-term trend has been UP since Jan 17th, 2023 at 805
The short-term trend has been UP since Jan 24th, 2023 at 794
Smart Scan Analysis for HRC.H23
Based on our trend formula, HRC.H23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).