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Future Trend Analysis Report

Prepared for you on Thursday, June 30, 2022.

DOMESTIC HOT-ROLLED COIL STEEL Oct 2022 (NYMEX:HRC.V22)

Bear Market Rally (-75) - HRC.V22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HRC.V22 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid HRC.V22?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.V22.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_HRC.V22
Open High Low HRC.V22 Price Change
870 900 870 894 +5
Entry Signal

MarketClub’s Trade Triangles for HRC.V22

long term down The long-term trend has been DOWN since May 18th, 2022 at 910

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 910

short term up The short-term trend has been UP since Jun 24th, 2022 at 886

Smart Scan Analysis for HRC.V22

Based on our trend formula, HRC.V22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for HRC.V22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
870 900 870 894 +5
Prev. Close Volume Bid Ask Time
894 130 2022-06-29 11:48:31
Expiration2022-10-25Open Time18:00
Close Time17:00
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