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Future Trend Analysis Report

Prepared for you on Sunday, May 22, 2022.

DOMESTIC HOT-ROLLED COIL STEEL Aug 2022 (NYMEX:HRC.Q22)

Crossroads (-60) - HRC.Q22 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid HRC.Q22?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.Q22.

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

NYMEX_HRC.Q22
Open High Low HRC.Q22 Price Change
1010 1015 1010 1020 +15
Entry Signal

MarketClub’s Trade Triangles for HRC.Q22

long term up The long-term trend has been UP since Mar 1st, 2022 at 1080

intermediate term down The intermediate-term trend has been DOWN since Apr 11th, 2022 at 1390

short term down The short-term trend has been DOWN since May 9th, 2022 at 1116

Smart Scan Analysis for HRC.Q22

Based on our trend formula, HRC.Q22 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for HRC.Q22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1010 1015 1010 1020 +15
Prev. Close Volume Bid Ask Time
1020 2 2022-05-20 09:35:05
Expiration2022-08-30Open Time18:00
Close Time17:00
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