Future Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
US MIDWEST #1 BUSHELING FERROUS SCRAP Jan 2019 (E) (NYMEX:BUS.F19.E)
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 BUS.F19.E
The long term trend has been UP since Oct 4th, 2018 at 395
The intermediate term trend has been UP since Sep 4th, 2018 at 372
The short term trend has been DOWN since Nov 12th, 2018 at 412
Smart Scan Analysis for BUS.F19.E
Based on a pre-defined weighted trend formula for chart analysis, BUS.F19.E scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||415||Contract High Date||2018-11-06|
|Contract Low||368||Contract Low Date||2018-08-17|
|Open Time||18:00||Close Time||17:00|