Future Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Oct 2021 (NYMEX:HRC.V21)
Bull Market Weakness (+75) - HRC.V21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HRC.V21 as it may be in the beginning stages of a reversal.
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 Jul 29th, 2021 at 1775
The short-term trend has been DOWN since Oct 6th, 2021 at 1906
Smart Scan Analysis for HRC.V21
Based on our trend formula, HRC.V21 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).