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Future Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

DOMESTIC HOT-ROLLED COIL STEEL Oct 2019 (NYMEX:HRC.V19)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

NYMEX_HRC.V19
Open High Low HRC.V19 Price Change
591 591 591 591 +1
Entry Signal

MarketClub’s Trade Triangles for HRC.V19

long term down The long term trend has been DOWN since Jun 21st, 2018 at 717

intermediate term down The intermediate term trend has been DOWN since Aug 14th, 2019 at 610

short term down The short term trend has been DOWN since Jul 25th, 2019 at 618

Smart Scan Analysis for HRC.V19

Based on a pre-defined weighted trend formula for chart analysis, HRC.V19 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for HRC.V19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
591 591 591 591 +1
Prev. Close Volume Bid Ask Time
601 1 2019-08-19 10:50:25
Expiration2019-10-29Open Time18:00
Close Time17:00
Want to analyze DOMESTIC HOT-ROLLED COIL STEEL Oct 2019 HRC.V19 or another symbol? Try our Free Future Trend Analysis Report.