Free Daily Analysis
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BUS.Q22
The long-term trend has been DOWN since Apr 25th, 2022 at 575
The intermediate-term trend has been DOWN since Jun 10th, 2022 at 615
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 505 | 515 | 505 | 515 | +30 |
| Prev. Close | Volume | Bid | Ask | Time |
| 500 | 13 | 2022-06-24 11:52:09 |
| Expiration | 2022-08-10 | Open Time | 18:00 |
| Close Time | 17:00 |