Future Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
DOMESTIC HOT-ROLLED COIL STEEL May 2020 (NYMEX:HRC.K20)
Long-Term Downtrend (-90) - HRC.K20 is in a strong downtrend that is likely to continue. While HRC.K20 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HRC.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.K20
The long-term trend has been DOWN since Feb 11th, 2020 at 545
The intermediate-term trend has been DOWN since Mar 9th, 2020 at 551
The short-term trend has been DOWN since Mar 31st, 2020 at 484
Smart Scan Analysis for HRC.K20
Based on our trend formula, HRC.K20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).