Future Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
SOYBEAN MEAL May 2019 (CBOT:ZM.K19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 ZM.K19
The long term trend has been DOWN since Jun 13th, 2018 at 343.4
The intermediate term trend has been UP since Dec 2nd, 2018 at 319.4
The short term trend has been DOWN since Dec 13th, 2018 at 316.2
Smart Scan Analysis for ZM.K19
Based on a pre-defined weighted trend formula for chart analysis, ZM.K19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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