Future Trend Analysis Report
Prepared for you on Monday, September 21, 2020.
US MIDWEST #1 BUSHELING FERROUS SCRAP Oct 2020 (NYMEX:BUS.V20)
Sidelines Mode (+55) - BUS.V20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BUS.V20?
MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.V20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BUS.V20
The long-term trend has been UP since Apr 15th, 2020 at 300
The intermediate-term trend has been UP since Aug 3rd, 2020 at 295
The short-term trend has been DOWN since Sep 21st, 2020 at 317
Smart Scan Analysis for BUS.V20
Based on our trend formula, BUS.V20 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).