Future Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
US MIDWEST #1 BUSHELING FERROUS SCRAP May 2021 (NYMEX:BUS.K21)
Weak Downtrend (-65) - BUS.K21 is showing signs of a strengthening downtrend. Monitor BUS.K21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid BUS.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BUS.K21
The long-term trend has been UP since Nov 11th, 2020 at 333
The intermediate-term trend has been DOWN since May 4th, 2021 at 590
The short-term trend has been DOWN since Apr 21st, 2021 at 604
Smart Scan Analysis for BUS.K21
Based on our trend formula, BUS.K21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).