Future Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
DOMESTIC HOT-ROLLED COIL STEEL Jul 2019 (NYMEX:HRC.N19)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HRC.N19
The long term trend has been DOWN since Nov 27th, 2018 at 738
The intermediate term trend has been UP since Jan 28th, 2019 at 691
The short term trend has been DOWN since Feb 22nd, 2019 at 719
Smart Scan Analysis for HRC.N19
Based on a pre-defined weighted trend formula for chart analysis, HRC.N19 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).