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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.

NYMEX_BUS.G22
Open High Low BUS.G22 Price Change
530 530 525 520 -10
Entry Signal

MarketClub’s Trade Triangles for BUS.G22

long term down The long-term trend has been DOWN since Aug 5th, 2021 at 675

intermediate term down The intermediate-term trend has been DOWN since Dec 30th, 2021 at 590

short term down 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).

-100
Smart Scan Analysis for BUS.G22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
530 530 525 520 -10
Prev. Close Volume Bid Ask Time
525 31 2022-01-25 17:28:38
Expiration2022-02-10Open Time18:00
Close Time17:00
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