Future Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Jun 2021 (NYMEX:HRC.M21)
Strong Uptrend (+100) - HRC.M21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HRC.M21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid HRC.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.M21
The long-term trend has been UP since Aug 31st, 2020 at 553
The intermediate-term trend has been UP since Feb 9th, 2021 at 910
The short-term trend has been UP since Feb 25th, 2021 at 1060
Smart Scan Analysis for HRC.M21
Based on our trend formula, HRC.M21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).