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Future Trend Analysis Report

Prepared for you on Saturday, August 20, 2022.

DOMESTIC HOT-ROLLED COIL STEEL Nov 2022 (NYMEX:HRC.X22)

Long-Term Downtrend (-90) - HRC.X22 is in a strong downtrend that is likely to continue. While HRC.X22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid HRC.X22?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.X22.

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

NYMEX_HRC.X22
Open High Low HRC.X22 Price Change
864 870 861 862 +14
Entry Signal

MarketClub’s Trade Triangles for HRC.X22

long term down The long-term trend has been DOWN since Jun 7th, 2022 at 910

intermediate term down The intermediate-term trend has been DOWN since Aug 17th, 2022 at 845

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 890

Smart Scan Analysis for HRC.X22

Based on our trend formula, HRC.X22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for HRC.X22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
864 870 861 862 +14
Prev. Close Volume Bid Ask Time
869 163 2022-08-18 11:45:14
Expiration2022-11-29Open Time18:00
Close Time17:00
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