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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.

NYMEX_BUS.Z21
Open High Low BUS.Z21 Price Change
620 620 620 620 +10
Entry Signal

MarketClub’s Trade Triangles for BUS.Z21

long term down The long-term trend has been DOWN since Sep 9th, 2021 at 672

intermediate term down The intermediate-term trend has been DOWN since Nov 24th, 2021 at 625

short term down 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).

-90
Smart Scan Analysis for BUS.Z21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
620 620 620 620 +10
Prev. Close Volume Bid Ask Time
620 10 2021-11-24 03:08:15
Expiration2021-12-10Open Time18:00
Close Time17:00
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