Future Trend Analysis Report
Prepared for you on Monday, March 18, 2019.
US MIDWEST #1 BUSHELING FERROUS SCRAP Jun 2019 (NYMEX:BUS.M19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.M19
The long term trend has been UP since Mar 15th, 2019 at 383
The intermediate term trend has been UP since Jan 24th, 2019 at 351
The short term trend has been UP since Feb 20th, 2019 at 370
Smart Scan Analysis for BUS.M19
Based on a pre-defined weighted trend formula for chart analysis, BUS.M19 scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).