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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.

NYMEX_BUS.J21
Open High Low BUS.J21 Price Change
551 551 551 557 +4
Entry Signal

MarketClub’s Trade Triangles for BUS.J21

long term up The long-term trend has been UP since Nov 11th, 2020 at 336

intermediate term down The intermediate-term trend has been DOWN since Mar 24th, 2021 at 585

short term down 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).

-70
Smart Scan Analysis for BUS.J21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
551 551 551 557 +4
Prev. Close Volume Bid Ask Time
551 10 2021-04-07 11:49:03
Expiration2021-04-12Open Time18:00
Close Time17:00
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