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Future Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

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

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.

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
508 508 508 508 +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 up The short term trend has been UP since Oct 17th, 2019 at 507

Smart Scan Analysis for HRC.V19

Based on a pre-defined weighted trend formula for chart analysis, HRC.V19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for HRC.V19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
508 508 508 508 +1
Prev. Close Volume Bid Ask Time
502 2 2019-10-17 17:28:20
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.