Future Trend Analysis Report
Prepared for you on Friday, February 15, 2019.
US MIDWEST #1 BUSHELING FERROUS SCRAP Mar 2019 (NYMEX:BUS.H19)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.H19
The long term trend has been DOWN since Dec 20th, 2018 at 375
The intermediate term trend has been DOWN since Feb 13th, 2019 at 361
The short term trend has been DOWN since Feb 12th, 2019 at 374
Smart Scan Analysis for BUS.H19
Based on a pre-defined weighted trend formula for chart analysis, BUS.H19 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).