Future Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
US MIDWEST #1 BUSHELING FERROUS SCRAP JUNE 2020 (NYMEX:@BUS.M20)
Countertrend Up (+85) - @BUS.M20 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid @BUS.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @BUS.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @BUS.M20
The long-term trend has been UP since May 4th, 2020 at 304
The intermediate-term trend has been UP since Apr 6th, 2020 at 260
The short-term trend has been DOWN since May 20th, 2020 at 331
Smart Scan Analysis for @BUS.M20
Based on our trend formula, @BUS.M20 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||355||52wk High Date||2019-07-22|
|52wk Low||220||52wk Low Date||2020-03-23|