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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.

NYMEX_HRC.K21
Open High Low HRC.K21 Price Change
1504 1504 1504 1508 0
Entry Signal

MarketClub’s Trade Triangles for HRC.K21

long term up The long-term trend has been UP since Apr 21st, 2020 at 525

intermediate term up The intermediate-term trend has been UP since Feb 8th, 2021 at 939

short term down 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).

+85
Smart Scan Analysis for HRC.K21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1504 1504 1504 1508 0
Prev. Close Volume Bid Ask Time
1504 69 2021-05-05 17:28:40
Expiration2021-05-25Open Time18:00
Close Time17:00
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