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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.

NYMEX_BUS.J20
Open High Low BUS.J20 Price Change
265 270 265 269 +13
Entry Signal

MarketClub’s Trade Triangles for BUS.J20

long term down The long-term trend has been DOWN since Feb 4th, 2020 at 270

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2020 at 261

short term up 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).

+70
Smart Scan Analysis for BUS.J20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
265 270 265 269 +13
Prev. Close Volume Bid Ask Time
250 77 2020-04-06 17:28:17
Expiration2020-04-13Open Time18:00
Close Time17:00
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