Future Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
US MIDWEST #1 BUSHELING FERROUS SCRAP Apr 2020 (NYMEX:BUS.J20)
Bull Market Weakness (+75) - BUS.J20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BUS.J20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid BUS.J20?
MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.J20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BUS.J20
The long-term trend has been DOWN since Feb 4th, 2020 at 270
The intermediate-term trend has been UP since Apr 6th, 2020 at 261
The short-term trend has been UP since Apr 6th, 2020 at 256
Smart Scan Analysis for BUS.J20
Based on our trend formula, BUS.J20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).