Future Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
US MIDWEST #1 BUSHELING FERROUS SCRAP Dec 2021 (NYMEX:BUS.Z21)
Long-Term Downtrend (-90) - BUS.Z21 is in a strong downtrend that is likely to continue. While BUS.Z21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BUS.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BUS.Z21
The long-term trend has been DOWN since Sep 9th, 2021 at 672
The intermediate-term trend has been DOWN since Nov 24th, 2021 at 625
The short-term trend has been DOWN since Nov 24th, 2021 at 625
Smart Scan Analysis for BUS.Z21
Based on our trend formula, BUS.Z21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).