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Future Trend Analysis Report

Prepared for you on Saturday, September 24, 2022.

DOMESTIC HOT-ROLLED COIL STEEL Jun 2023 (NYMEX:HRC.M23)

Strong Downtrend (-100) - HRC.M23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HRC.M23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HRC.M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.M23.

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

NYMEX_HRC.M23
Open High Low HRC.M23 Price Change
825 825 825 800 -15
Entry Signal

MarketClub’s Trade Triangles for HRC.M23

long term down The long-term trend has been DOWN since Sep 16th, 2022 at 850

intermediate term down The intermediate-term trend has been DOWN since Sep 7th, 2022 at 890

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 925

Smart Scan Analysis for HRC.M23

Based on our trend formula, HRC.M23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for HRC.M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
825 825 825 800 -15
Prev. Close Volume Bid Ask Time
825 10 2022-09-16 12:48:42
Expiration2023-06-27Open Time18:00
Close Time17:00
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