Future Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
DOMESTIC HOT-ROLLED COIL STEEL May 2019 (NYMEX:HRC.K19)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HRC.K19
The long term trend has been DOWN since Nov 27th, 2018 at 744
The intermediate term trend has been UP since Jan 30th, 2019 at 699
The short term trend has been UP since Feb 15th, 2019 at 724
Smart Scan Analysis for HRC.K19
Based on a pre-defined weighted trend formula for chart analysis, HRC.K19 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).