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Future Trend Analysis Report

Prepared for you on Saturday, June 25, 2022.

US MIDWEST #1 BUSHELING FERROUS SCRAP Aug 2022 (NYMEX:BUS.Q22)

Bear Market Rally (-75) - BUS.Q22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BUS.Q22 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid BUS.Q22?

MarketClub looks at technical strength and momentum to determine if the timing is right for BUS.Q22.

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

NYMEX_BUS.Q22
Open High Low BUS.Q22 Price Change
505 515 505 515 +30
Entry Signal

MarketClub’s Trade Triangles for BUS.Q22

long term down The long-term trend has been DOWN since Apr 25th, 2022 at 575

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2022 at 615

short term up The short-term trend has been UP since Jun 24th, 2022 at 505

Smart Scan Analysis for BUS.Q22

Based on our trend formula, BUS.Q22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BUS.Q22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
505 515 505 515 +30
Prev. Close Volume Bid Ask Time
500 13 2022-06-24 11:52:09
Expiration2022-08-10Open Time18:00
Close Time17:00
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