Future Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
DOMESTIC HOT-ROLLED COIL STEEL May 2022 (NYMEX:HRC.K22)
Strong Downtrend (-100) - HRC.K22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HRC.K22 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HRC.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.K22
The long-term trend has been DOWN since Dec 1st, 2021 at 1143
The intermediate-term trend has been DOWN since Jan 6th, 2022 at 1150
The short-term trend has been DOWN since Jan 27th, 2022 at 940
Smart Scan Analysis for HRC.K22
Based on our trend formula, HRC.K22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).