Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Monday, September 21, 2020.

DOMESTIC HOT-ROLLED COIL STEEL Sep 2020 (NYMEX:HRC.U20)

Strong Uptrend (+100) - HRC.U20 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HRC.U20 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid HRC.U20?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.U20.

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

NYMEX_HRC.U20
Open High Low HRC.U20 Price Change
543 548 543 547 +8
Entry Signal

MarketClub’s Trade Triangles for HRC.U20

long term up The long-term trend has been UP since Sep 16th, 2020 at 542

intermediate term up The intermediate-term trend has been UP since Aug 28th, 2020 at 517

short term up The short-term trend has been UP since Aug 17th, 2020 at 499

Smart Scan Analysis for HRC.U20

Based on our trend formula, HRC.U20 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for HRC.U20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
543 548 543 547 +8
Prev. Close Volume Bid Ask Time
547 5 2020-09-16 07:16:23
Expiration2020-09-29Open Time18:00
Close Time17:00
Get a free daily analysis and signals for DOMESTIC HOT-ROLLED COIL STEEL Sep 2020 (HRC.U20) - Request Your Free Report.