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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.

NYMEX_HRC.U22
Open High Low HRC.U22 Price Change
857 865 855 855 -2
Entry Signal

MarketClub’s Trade Triangles for HRC.U22

long term down The long-term trend has been DOWN since Jun 3rd, 2022 at 958

intermediate term down The intermediate-term trend has been DOWN since Apr 11th, 2022 at 1375

short term down 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).

-100
Smart Scan Analysis for HRC.U22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
857 865 855 855 -2
Prev. Close Volume Bid Ask Time
855 63 2022-07-05 17:28:49
Expiration2022-09-27Open Time18:00
Close Time17:00
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