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.
MarketClub’s Trade Triangles for HRC.M23
The long-term trend has been DOWN since Sep 16th, 2022 at 850
The intermediate-term trend has been DOWN since Sep 7th, 2022 at 890
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).