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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.

NYMEX_BUS.M19
Open High Low BUS.M19 Price Change
374 384 374 382 +9
Entry Signal

MarketClub’s Trade Triangles for BUS.M19

long term up The long term trend has been UP since Mar 15th, 2019 at 383

intermediate term up The intermediate term trend has been UP since Jan 24th, 2019 at 351

short term up 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).

+80
Smart Scan Analysis for BUS.M19
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
374 384 374 382 +9
Prev. Close Volume Bid Ask Time
370 27 2019-03-15 14:09:29
Expiration2019-06-10Open Time18:00
Close Time17:00
Want to analyze US MIDWEST #1 BUSHELING FERROUS SCRAP Jun 2019 BUS.M19 or another symbol? Try our Free Future Trend Analysis Report.