Analyze Symbol

Future Trend Analysis Report

Prepared for you on Tuesday, February 20, 2018.

US MIDWEST #1 BUSHELING FERROUS SCRAP Apr 2018 (E) (NYMEX:BUS.J18.E)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

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.

NYMEX_BUS.J18.E
Open High Low BUS.J18.E Price Change
381 381 381 388 +3
Entry Signal

MarketClub’s Trade Triangles for BUS.J18.E

long term up The long term trend has been UP since Oct 18th, 2017 at 327

intermediate term up The intermediate term trend has been UP since Oct 18th, 2017 at 327

short term down The short term trend has been DOWN since Jan 23rd, 2018 at 389

Smart Scan Analysis for BUS.J18.E

Based on a pre-defined weighted trend formula for chart analysis, BUS.J18.E scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for BUS.J18.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
381 381 381 388 +3
Prev. Close Volume Bid Ask Time
388 0 2018-02-16 17:41:57
Contract High390Contract High Date2018-01-22
Contract Low381Contract Low Date2018-01-25
Estimated Volume15Expiration2018-04-10
Open Time18:00Close Time17:00
Want to analyze US MIDWEST #1 BUSHELING FERROUS SCRAP Apr 2018 (E) BUS.J18.E or another symbol? Try our Free Future Trend Analysis Report.