Future Trend Analysis Report
Prepared for you on Thursday, September 23, 2021.
US MIDWEST #1 BUSHELING FERROUS SCRAP Oct 2021 (NYMEX:BUS.V21)
Strong Downtrend (-100) - BUS.V21 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.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BUS.V21
The long-term trend has been DOWN since Aug 4th, 2021 at 660
The intermediate-term trend has been DOWN since Jul 13th, 2021 at 700
The short-term trend has been DOWN since Aug 2nd, 2021 at 685
Smart Scan Analysis for BUS.V21
Based on our trend formula, BUS.V21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).