Future Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
DOMESTIC HOT-ROLLED COIL STEEL Jun 2019 (NYMEX:HRC.M19)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HRC.M19
The long term trend has been DOWN since Sep 6th, 2018 at 740
The intermediate term trend has been UP since Jan 28th, 2019 at 696
The short term trend has been UP since Feb 15th, 2019 at 720
Smart Scan Analysis for HRC.M19
Based on a pre-defined weighted trend formula for chart analysis, HRC.M19 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).