Future Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
US MIDWEST #1 BUSHELING FERROUS SCRAP Jun 2022 (NYMEX:BUS.M22)
Strong Downtrend (-100) - BUS.M22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BUS.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BUS.M22
The long-term trend has been DOWN since Sep 21st, 2021 at 600
The intermediate-term trend has been DOWN since Nov 18th, 2021 at 575
The short-term trend has been DOWN since Nov 18th, 2021 at 575
Smart Scan Analysis for BUS.M22
Based on our trend formula, BUS.M22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).