Future Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
DOMESTIC HOT-ROLLED COIL STEEL May 2021 (NYMEX:HRC.K21)
Countertrend Up (+85) - HRC.K21 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.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.K21
The long-term trend has been UP since Apr 21st, 2020 at 525
The intermediate-term trend has been UP since Feb 8th, 2021 at 939
The short-term trend has been DOWN since Apr 28th, 2021 at 1500
Smart Scan Analysis for HRC.K21
Based on our trend formula, HRC.K21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).