Future Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
DOMESTIC HOT-ROLLED COIL STEEL Sep 2022 (NYMEX:HRC.U22)
Strong Downtrend (-100) - HRC.U22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HRC.U22 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HRC.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.U22
The long-term trend has been DOWN since Jun 3rd, 2022 at 958
The intermediate-term trend has been DOWN since Apr 11th, 2022 at 1375
The short-term trend has been DOWN since Jul 1st, 2022 at 880
Smart Scan Analysis for HRC.U22
Based on our trend formula, HRC.U22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).