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Future Trend Analysis Report

Prepared for you on Monday, February 6, 2023.

DOMESTIC HOT-ROLLED COIL STEEL May 2023 (NYMEX:HRC.K23)

Sidelines Mode (-55) - HRC.K23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid HRC.K23?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.K23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_HRC.K23
Open High Low HRC.K23 Price Change
805 810 803 810 +12
Entry Signal

MarketClub’s Trade Triangles for HRC.K23

long term down The long-term trend has been DOWN since Aug 30th, 2022 at 860

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2023 at 793

short term up The short-term trend has been UP since Feb 1st, 2023 at 790

Smart Scan Analysis for HRC.K23

Based on our trend formula, HRC.K23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for HRC.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
805 810 803 810 +12
Prev. Close Volume Bid Ask Time
790 13 2023-02-03 11:59:54
Expiration2023-05-30Open Time18:00
Close Time17:00
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