Future Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
US MIDWEST #1 BUSHELING FERROUS SCRAP Jan 2021 (NYMEX:BUS.F21)
Strong Uptrend (+100) - BUS.F21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BUS.F21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid BUS.F21?
MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.F21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BUS.F21
The long-term trend has been UP since Nov 5th, 2020 at 340
The intermediate-term trend has been UP since Oct 27th, 2020 at 316
The short-term trend has been UP since Oct 27th, 2020 at 314
Smart Scan Analysis for BUS.F21
Based on our trend formula, BUS.F21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).