Future Trend Analysis Report
Prepared for you on Friday, September 18, 2020.
DOMESTIC HOT-ROLLED COIL STEEL Oct 2020 (NYMEX:HRC.V20)
Long-Term Uptrend (+90) - HRC.V20 is in a strong uptrend that is likely to continue. While HRC.V20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid HRC.V20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.V20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.V20
The long-term trend has been UP since Sep 1st, 2020 at 542
The intermediate-term trend has been UP since Aug 3rd, 2020 at 524
The short-term trend has been UP since Aug 26th, 2020 at 524
Smart Scan Analysis for HRC.V20
Based on our trend formula, HRC.V20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).