Future Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Oct 2021 (NYMEX:HRC.V21)
Strong Uptrend (+100) - HRC.V21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HRC.V21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Feb 8th, 2021 at 765
The short-term trend has been UP since Apr 6th, 2021 at 1051
Smart Scan Analysis for HRC.V21
Based on our trend formula, HRC.V21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).