Future Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
DOMESTIC HOT-ROLLED COIL STEEL Jun 2019 (NYMEX:HRC.M19)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Mar 28th, 2019 at 714
The short term trend has been DOWN since Apr 23rd, 2019 at 675
Smart Scan Analysis for HRC.M19
Based on a pre-defined weighted trend formula for chart analysis, HRC.M19 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).