Future Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
DOMESTIC HOT-ROLLED COIL STEEL Dec 2019 (NYMEX:HRC.Z19)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HRC.Z19
The long term trend has been DOWN since Sep 4th, 2018 at 735
The intermediate term trend has been UP since Jun 24th, 2019 at 612
The short term trend has been DOWN since Jul 16th, 2019 at 620
Smart Scan Analysis for HRC.Z19
Based on a pre-defined weighted trend formula for chart analysis, HRC.Z19 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).