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Future Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

DOMESTIC HOT-ROLLED COIL STEEL Nov 2023 (NYMEX:HRC.X23)

Long-Term Uptrend (+90) - HRC.X23 is in a strong uptrend that is likely to continue. While HRC.X23 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.X23?

MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.X23.

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

NYMEX_HRC.X23
Open High Low HRC.X23 Price Change
901 901 901 898 0
Entry Signal

MarketClub’s Trade Triangles for HRC.X23

long term up The long-term trend has been UP since Oct 26th, 2023 at 843

intermediate term up The intermediate-term trend has been UP since Sep 19th, 2023 at 745

short term up The short-term trend has been UP since Nov 28th, 2023 at 897

Smart Scan Analysis for HRC.X23

Based on our trend formula, HRC.X23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for HRC.X23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
901 901 901 898 0
Prev. Close Volume Bid Ask Time
901 1 2023-11-28 17:28:50
Expiration2023-11-28Open Time18:00
Close Time17:00
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