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.
MarketClub’s Trade Triangles for BUS.Z22
The long-term trend has been DOWN since Jun 13th, 2022 at 585
The intermediate-term trend has been UP since Aug 1st, 2022 at 465
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).