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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.

NYMEX_HRC.J22
Open High Low HRC.J22 Price Change
1140 1140 1140 1140 +8
Entry Signal

MarketClub’s Trade Triangles for HRC.J22

long term up The long-term trend has been UP since Apr 7th, 2021 at 748

intermediate term up The intermediate-term trend has been UP since Jun 14th, 2021 at 1105

short term up 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).

+80
Smart Scan Analysis for HRC.J22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1140 1140 1140 1140 +8
Prev. Close Volume Bid Ask Time
1140 7 2021-06-17 17:28:50
Expiration2022-04-26Open Time18:00
Close Time17:00
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