Future Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
DOMESTIC HOT-ROLLED COIL STEEL Sep 2019 (NYMEX:HRC.U19)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.U19
The long term trend has been DOWN since Nov 27th, 2018 at 732
The intermediate term trend has been UP since Jun 24th, 2019 at 598
The short term trend has been UP since Jul 9th, 2019 at 583
Smart Scan Analysis for HRC.U19
Based on a pre-defined weighted trend formula for chart analysis, HRC.U19 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).