Future Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
US MIDWEST #1 BUSHELING FERROUS SCRAP Jan 2020 (NYMEX:BUS.F20)
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.
MarketClub’s Trade Triangles for BUS.F20
The long term trend has been UP since Dec 2nd, 2019 at 286
The intermediate term trend has been UP since Oct 17th, 2019 at 250
The short term trend has been UP since Jan 7th, 2020 at 292
Smart Scan Analysis for BUS.F20
Based on a pre-defined weighted trend formula for chart analysis, BUS.F20 scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).