Future Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
DOMESTIC HOT-ROLLED COIL STEEL Aug 2020 (NYMEX:HRC.Q20)
Strong Downtrend (-100) - HRC.Q20 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HRC.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.Q20
The long-term trend has been DOWN since Mar 9th, 2020 at 550
The intermediate-term trend has been DOWN since Mar 6th, 2020 at 552
The short-term trend has been DOWN since Apr 1st, 2020 at 491
Smart Scan Analysis for HRC.Q20
Based on our trend formula, HRC.Q20 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).