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Future Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
DOMESTIC HOT-ROLLED COIL STEEL Sep 2023 (NYMEX:HRC.U23)
Strong Downtrend (-100) - HRC.U23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HRC.U23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HRC.U23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.U23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for HRC.U23
The long-term trend has been DOWN since Aug 2nd, 2023 at 775
The intermediate-term trend has been DOWN since Jul 19th, 2023 at 856
The short-term trend has been DOWN since Sep 26th, 2023 at 704
Smart Scan Analysis for HRC.U23
Based on our trend formula, HRC.U23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 704 | 704 | 700 | 702 | -3 |
| Prev. Close | Volume | Bid | Ask | Time |
| 702 | 9 | 2023-09-26 12:19:57 |
| Expiration | 2023-09-26 | Open Time | 18:00 |
| Close Time | 17:00 |