Future Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
DOMESTIC HOT-ROLLED COIL STEEL Oct 2023 (NYMEX:HRC.V23)
Crossroads (+60) - HRC.V23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HRC.V23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.V23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.V23
The long-term trend has been DOWN since Aug 1st, 2023 at 775
The intermediate-term trend has been UP since Sep 21st, 2023 at 723
The short-term trend has been UP since Sep 20th, 2023 at 705
Smart Scan Analysis for HRC.V23
Based on our trend formula, HRC.V23 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).