Future Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
DOMESTIC HOT-ROLLED COIL STEEL Oct 2021 (NYMEX:HRC.V21)
Long-Term Uptrend (+90) - HRC.V21 is in a strong uptrend that is likely to continue. While HRC.V21 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.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.V21
The long-term trend has been UP since Aug 17th, 2020 at 550
The intermediate-term trend has been UP since Oct 26th, 2020 at 580
The short-term trend has been UP since Nov 12th, 2020 at 605
Smart Scan Analysis for HRC.V21
Based on our trend formula, HRC.V21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).