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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.

NYMEX_BUS.M22
Open High Low BUS.M22 Price Change
550 550 550 570 -20
Entry Signal

MarketClub’s Trade Triangles for BUS.M22

long term down The long-term trend has been DOWN since Sep 21st, 2021 at 600

intermediate term down The intermediate-term trend has been DOWN since Nov 18th, 2021 at 575

short term down 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).

-100
Smart Scan Analysis for BUS.M22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
550 550 550 570 -20
Prev. Close Volume Bid Ask Time
550 5 2021-11-26 11:35:03
Expiration2022-06-10Open Time18:00
Close Time17:00
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