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.
MarketClub’s Trade Triangles for HRC.Q22
The long-term trend has been UP since Mar 1st, 2022 at 1080
The intermediate-term trend has been DOWN since Apr 11th, 2022 at 1390
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).