Future Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
US MIDWEST #1 BUSHELING FERROUS SCRAP Apr 2021 (NYMEX:BUS.J21)
Weak Downtrend (-65) - BUS.J21 is showing signs of a strengthening downtrend. Monitor BUS.J21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid BUS.J21?
MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.J21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BUS.J21
The long-term trend has been UP since Nov 11th, 2020 at 336
The intermediate-term trend has been DOWN since Mar 24th, 2021 at 585
The short-term trend has been DOWN since Mar 11th, 2021 at 645
Smart Scan Analysis for BUS.J21
Based on our trend formula, BUS.J21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).