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Future Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

US MIDWEST #1 BUSHELING FERROUS SCRAP Apr 2021 (NYMEX:BUS.J21)

Strong Uptrend (+100) - BUS.J21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BUS.J21 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.J21?

MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.J21.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_BUS.J21
Open High Low BUS.J21 Price Change
390 400 390 400 +15
Entry Signal

MarketClub’s Trade Triangles for BUS.J21

long term up The long-term trend has been UP since Nov 11th, 2020 at 336

intermediate term up The intermediate-term trend has been UP since Oct 28th, 2020 at 323

short term up The short-term trend has been UP since Dec 4th, 2020 at 385

Smart Scan Analysis for BUS.J21

Based on our trend formula, BUS.J21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for BUS.J21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
390 400 390 400 +15
Prev. Close Volume Bid Ask Time
336 45 2020-12-04 14:43:26
Expiration2021-04-12Open Time18:00
Close Time17:00
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