Future Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
DOMESTIC HOT-ROLLED COIL STEEL Jun 2020 (NYMEX:HRC.M20)
Weak Downtrend (-65) - HRC.M20 is showing signs of a strengthening downtrend. Monitor HRC.M20 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid HRC.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.M20
The long-term trend has been DOWN since Feb 3rd, 2020 at 549
The intermediate-term trend has been UP since May 1st, 2020 at 494
The short-term trend has been DOWN since May 27th, 2020 at 518
Smart Scan Analysis for HRC.M20
Based on our trend formula, HRC.M20 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).