Future Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
US MIDWEST #1 BUSHELING FERROUS SCRAP Mar 2021 (NYMEX:BUS.H21)
Strong Uptrend (+100) - BUS.H21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BUS.H21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid BUS.H21?
MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.H21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BUS.H21
The long-term trend has been UP since Nov 11th, 2020 at 340
The intermediate-term trend has been UP since Feb 8th, 2021 at 505
The short-term trend has been UP since Mar 3rd, 2021 at 585
Smart Scan Analysis for BUS.H21
Based on our trend formula, BUS.H21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).