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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.

NYMEX_HRC.V21
Open High Low HRC.V21 Price Change
624 632 622 622 -2
Entry Signal

MarketClub’s Trade Triangles for HRC.V21

long term up The long-term trend has been UP since Aug 17th, 2020 at 550

intermediate term up The intermediate-term trend has been UP since Oct 26th, 2020 at 580

short term up 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).

+90
Smart Scan Analysis for HRC.V21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
624 632 622 622 -2
Prev. Close Volume Bid Ask Time
595 14 2020-11-24 16:41:19
Expiration2021-10-26Open Time18:00
Close Time17:00
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