Future Trend Analysis Report
Prepared for you on Monday, March 18, 2019.
US MIDWEST #1 BUSHELING FERROUS SCRAP APRIL 2019 (NYMEX:@BUS.J19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for @BUS.J19
The long term trend has been DOWN since Dec 20th, 2018 at 372
The intermediate term trend has been UP since Jan 25th, 2019 at 365
The short term trend has been DOWN since Mar 7th, 2019 at 388
Smart Scan Analysis for @BUS.J19
Based on a pre-defined weighted trend formula for chart analysis, @BUS.J19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk Low||346|
|52wk Low Date||2019-01-08||Volatility||13.56|