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.
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 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).