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Future Trend Analysis Report

Prepared for you on Saturday, January 29, 2022.

US MIDWEST #1 BUSHELING FERROUS SCRAP May 2022 (NYMEX:BUS.K22)

Bear Market Rally (-75) - BUS.K22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BUS.K22 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid BUS.K22?

MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.K22.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_BUS.K22
Open High Low BUS.K22 Price Change
550 550 550 520 -15
Entry Signal

MarketClub’s Trade Triangles for BUS.K22

long term down The long-term trend has been DOWN since Jan 18th, 2022 at 570

intermediate term up The intermediate-term trend has been UP since Dec 14th, 2021 at 580

short term down The short-term trend has been DOWN since Jan 18th, 2022 at 570

Smart Scan Analysis for BUS.K22

Based on our trend formula, BUS.K22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BUS.K22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
550 550 550 520 -15
Prev. Close Volume Bid Ask Time
550 53 2022-01-18 10:34:37
Expiration2022-05-10Open Time18:00
Close Time17:00
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