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Future Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

US MIDWEST #1 BUSHELING FERROUS SCRAP Dec 2020 (NYMEX:BUS.Z20)

Long-Term Uptrend (+90) - BUS.Z20 is in a strong uptrend that is likely to continue. While BUS.Z20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid BUS.Z20?

MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.Z20.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_BUS.Z20
Open High Low BUS.Z20 Price Change
359 368 359 368 +8
Entry Signal

MarketClub’s Trade Triangles for BUS.Z20

long term up The long-term trend has been UP since Nov 16th, 2020 at 337

intermediate term up The intermediate-term trend has been UP since Oct 29th, 2020 at 319

short term up The short-term trend has been UP since Oct 26th, 2020 at 308

Smart Scan Analysis for BUS.Z20

Based on our trend formula, BUS.Z20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for BUS.Z20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
359 368 359 368 +8
Prev. Close Volume Bid Ask Time
330 11 2020-12-02 12:09:01
Expiration2020-12-10Open Time18:00
Close Time17:00
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