Future Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
US MIDWEST #1 BUSHELING FERROUS SCRAP Aug 2019 (NYMEX:@BUS.Q19)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.Q19
The long term trend has been DOWN since Apr 11th, 2019 at 342
The intermediate term trend has been UP since Jul 1st, 2019 at 283
The short term trend has been UP since Jul 1st, 2019 at 277
Smart Scan Analysis for @BUS.Q19
Based on a pre-defined weighted trend formula for chart analysis, @BUS.Q19 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2019||52wk Low||265|
|52wk Low Date||2019-06-21||Volatility||22.38|