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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.

NYMEX_HRC.H23
Open High Low HRC.H23 Price Change
825 830 818 830 +11
Entry Signal

MarketClub’s Trade Triangles for HRC.H23

long term down The long-term trend has been DOWN since Jun 13th, 2022 at 925

intermediate term up The intermediate-term trend has been UP since Jan 17th, 2023 at 805

short term up 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).

+70
Smart Scan Analysis for HRC.H23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
825 830 818 830 +11
Prev. Close Volume Bid Ask Time
792 161 2023-02-03 13:50:23
Expiration2023-03-28Open Time18:00
Close Time17:00
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