Future Trend Analysis Report
Prepared for you on Saturday, September 25, 2021.
DOMESTIC HOT-ROLLED COIL STEEL Dec 2021 (NYMEX:HRC.Z21)
Crossroads (-60) - HRC.Z21 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.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HRC.Z21
The long-term trend has been UP since Oct 26th, 2020 at 578
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 1621
The short-term trend has been DOWN since Sep 8th, 2021 at 1730
Smart Scan Analysis for HRC.Z21
Based on our trend formula, HRC.Z21 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).