Future Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
DOMESTIC HOT-ROLLED COIL STEEL Aug 2019 (NYMEX:HRC.Q19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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.Q19
The long term trend has been DOWN since Sep 7th, 2018 at 735
The intermediate term trend has been UP since Jan 30th, 2019 at 694
The short term trend has been DOWN since Mar 25th, 2019 at 721
Smart Scan Analysis for HRC.Q19
Based on a pre-defined weighted trend formula for chart analysis, HRC.Q19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).