Future Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
US MIDWEST #1 BUSHELING FERROUS SCRAP APRIL 2020 (NYMEX:@BUS.J20)
Bear Market Rally (-75) - @BUS.J20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on @BUS.J20 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid @BUS.J20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @BUS.J20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @BUS.J20
The long-term trend has been DOWN since Feb 4th, 2020 at 270
The intermediate-term trend has been DOWN since Mar 9th, 2020 at 283
The short-term trend has been UP since Mar 25th, 2020 at 250
Smart Scan Analysis for @BUS.J20
Based on our trend formula, @BUS.J20 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||350||52wk High Date||2019-02-04|
|52wk Low||233||52wk Low Date||2020-03-20|