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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.

NYMEX_BUS.M21
Open High Low BUS.M21 Price Change
590 590 590 595 -5
Entry Signal

MarketClub’s Trade Triangles for BUS.M21

long term up The long-term trend has been UP since Nov 10th, 2020 at 325

intermediate term up The intermediate-term trend has been UP since Feb 9th, 2021 at 485

short term up 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).

+90
Smart Scan Analysis for BUS.M21
Strong Downtrend Sideways 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
Expiration2021-06-10Open Time18:00
Close Time17:00
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