Future Trend Analysis Report
Prepared for you on Sunday, June 20, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Apr 2022 (NYMEX:HRC.J22)
Countertrend Up (+85) - HRC.J22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HRC.J22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.J22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.J22
The long-term trend has been UP since Apr 7th, 2021 at 748
The intermediate-term trend has been UP since Jun 14th, 2021 at 1105
The short-term trend has been UP since Jun 2nd, 2021 at 1055
Smart Scan Analysis for HRC.J22
Based on our trend formula, HRC.J22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).