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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.

NYMEX_@BUS.M20
Open High Low @BUS.M20 Price Change
332 332 332 332 +1
Entry Signal

MarketClub’s Trade Triangles for @BUS.M20

long term up The long-term trend has been UP since May 4th, 2020 at 304

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2020 at 260

short term down 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).

+85
Smart Scan Analysis for @BUS.M20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
332 332 332 332 +1
Prev. Close Volume Bid Ask Time
331 1 310 332 2020-05-27 11:06:57
52wk High35552wk High Date2019-07-22
52wk Low22052wk Low Date2020-03-23
Volatility40.58Expiration2020-06-10
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