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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.

NYMEX_HRC.V20
Open High Low HRC.V20 Price Change
588 594 588 588 0
Entry Signal

MarketClub’s Trade Triangles for HRC.V20

long term up The long-term trend has been UP since Sep 1st, 2020 at 542

intermediate term up The intermediate-term trend has been UP since Aug 3rd, 2020 at 524

short term up 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).

+90
Smart Scan Analysis for HRC.V20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
588 594 588 588 0
Prev. Close Volume Bid Ask Time
588 10 2020-09-17 08:45:23
Expiration2020-10-27Open Time18:00
Close Time17:00
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