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Future Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

US MIDWEST #1 BUSHELING FERROUS SCRAP Dec 2022 (NYMEX:BUS.Z22)

Sidelines Mode (+50) - BUS.Z22 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BUS.Z22 can gain momentum.

Is it time to buy, sell, or avoid BUS.Z22?

MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.Z22.

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

NYMEX_BUS.Z22
Open High Low BUS.Z22 Price Change
500 500 500 500 +20
Entry Signal

MarketClub’s Trade Triangles for BUS.Z22

long term down The long-term trend has been DOWN since Jun 13th, 2022 at 585

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 465

short term up The short-term trend has been UP since Aug 10th, 2022 at 485

Smart Scan Analysis for BUS.Z22

Based on our trend formula, BUS.Z22 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for BUS.Z22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
500 500 500 500 +20
Prev. Close Volume Bid Ask Time
500 31 2022-08-10 17:28:45
Expiration2022-12-12Open Time18:00
Close Time17:00
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