Free DOMESTIC HOT-ROLLED COIL STEEL (HRC) Technical Analysis Signals

On 18 Dec, we conducted a comprehensive technical analysis of DOMESTIC HOT-ROLLED COIL STEEL (HRC), considering 99 signals with intricate details. Here are the key findings: 5 signals suggested buy strategies, while 6 indicated sell strategies. The remaining 88 signals remained neutral without offering a specific direction.

DEMA 2DEMA 3TEMA Price 1TEMA Price 2TEMA Price 3SAR CrossoverMOM Crossover 2PLUS_DI Threshold 1PLUS_DI Threshold 2BOP Smoothed ThresholdADXR with DI+/DI-



Overall Strategy:
Buy Signals: 5
Sell Signals: 6
Neutral Signals: 88
Result: This strategy leads to a Neutral position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

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Second Support Level: 829
If the first support level is breached, the second support level at 829 becomes a critical point. Breaking this level would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 715
If the second support level is broken and the price continues to fall, it signals a significant market shift. Remaining below 715 would confirm a persistent downward trend, with traders likely targeting this third level as the next key support point.
These support levels should be considered carefully in the context of broader market trends and indicators. Staying alert and consistently analyzing the market will allow you to make informed decisions while trading DOMESTIC HOT-ROLLED COIL STEEL (HRC). Paying attention to these support levels will help you adapt to the dynamic nature of the market and make smarter trading choices. It's crucial to closely monitor these resistance levels and consider them in the context of broader market trends and indicators. To make informed decisions when trading DOMESTIC HOT-ROLLED COIL STEEL (HRC), stay vigilant and continuously analyze the market. Focusing on these resistance levels, along with broader market dynamics, will help you make smarter trading decisions and adapt to the changing market conditions.