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Future Trend Analysis Report
Prepared for you on Saturday, June 25, 2022.
DOMESTIC HOT-ROLLED COIL STEEL Dec 2022 (NYMEX:HRC.Z22)
Strong Downtrend (-100) - HRC.Z22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HRC.Z22 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HRC.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HRC.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for HRC.Z22
The long-term trend has been DOWN since May 18th, 2022 at 900
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 890
The short-term trend has been DOWN since Jun 13th, 2022 at 935
Smart Scan Analysis for HRC.Z22
Based on our trend formula, HRC.Z22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 875 | 881 | 862 | 860 | +3 |
| Prev. Close | Volume | Bid | Ask | Time |
| 862 | 231 | 2022-06-23 12:01:26 |
| Expiration | 2022-12-27 | Open Time | 18:00 |
| Close Time | 17:00 |