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Future Trend Analysis Report

Prepared for you on Wednesday, January 19, 2022.

DOMESTIC HOT-ROLLED COIL STEEL Jun 2022 (NYMEX:HRC.M22)

Strong Downtrend (-100) - HRC.M22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HRC.M22 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HRC.M22?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.M22.

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

NYMEX_HRC.M22
Open High Low HRC.M22 Price Change
955 960 950 950 +10
Entry Signal

MarketClub’s Trade Triangles for HRC.M22

long term down The long-term trend has been DOWN since Dec 2nd, 2021 at 1125

intermediate term down The intermediate-term trend has been DOWN since Dec 31st, 2021 at 1101

short term down The short-term trend has been DOWN since Dec 31st, 2021 at 1114

Smart Scan Analysis for HRC.M22

Based on our trend formula, HRC.M22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for HRC.M22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
955 960 950 950 +10
Prev. Close Volume Bid Ask Time
950 44 2022-01-19 12:16:36
Expiration2022-06-28Open Time18:00
Close Time17:00
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