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Future Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
US MIDWEST #1 BUSHELING FERROUS SCRAP Jun 2021 (NYMEX:BUS.M21)
Long-Term Uptrend (+90) - BUS.M21 is in a strong uptrend that is likely to continue. While BUS.M21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid BUS.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BUS.M21
The long-term trend has been UP since Nov 10th, 2020 at 325
The intermediate-term trend has been UP since Feb 9th, 2021 at 485
The short-term trend has been UP since Feb 5th, 2021 at 470
Smart Scan Analysis for BUS.M21
Based on our trend formula, BUS.M21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 590 | 590 | 590 | 595 | -5 |
| Prev. Close | Volume | Bid | Ask | Time |
| 590 | 1 | 2021-02-25 13:13:31 |
| Expiration | 2021-06-10 | Open Time | 18:00 |
| Close Time | 17:00 |