Future Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
US MIDWEST #1 BUSHELING FERROUS SCRAP Feb 2022 (NYMEX:BUS.G22)
Strong Downtrend (-100) - BUS.G22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BUS.G22 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BUS.G22?
MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.G22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BUS.G22
The long-term trend has been DOWN since Aug 5th, 2021 at 675
The intermediate-term trend has been DOWN since Dec 30th, 2021 at 590
The short-term trend has been DOWN since Jan 6th, 2022 at 570
Smart Scan Analysis for BUS.G22
Based on our trend formula, BUS.G22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).