Future Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
US MIDWEST #1 BUSHELING FERROUS SCRAP Dec 2019 (NYMEX:BUS.Z19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BUS.Z19
The long term trend has been UP since Dec 5th, 2019 at 270
The intermediate term trend has been UP since Oct 23rd, 2019 at 238
The short term trend has been UP since Nov 8th, 2019 at 253
Smart Scan Analysis for BUS.Z19
Based on a pre-defined weighted trend formula for chart analysis, BUS.Z19 scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).