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.
MarketClub’s Trade Triangles for HRC.V19
The long term trend has been DOWN since Jun 21st, 2018 at 717
The intermediate term trend has been DOWN since Aug 14th, 2019 at 610
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).