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.
MarketClub’s Trade Triangles for BUS.Z20
The long-term trend has been UP since Nov 16th, 2020 at 337
The intermediate-term trend has been UP since Oct 29th, 2020 at 319
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).