Future Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
SOYBEAN MEAL May 2019 (E) (CBOT:ZM.K19.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.E
The long term trend has been DOWN since Jun 13th, 2018 at 343.4
The intermediate term trend has been DOWN since Oct 31st, 2018 at 307.0
The short term trend has been UP since Nov 15th, 2018 at 314.9
Smart Scan Analysis for ZM.K19.E
Based on a pre-defined weighted trend formula for chart analysis, ZM.K19.E scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||365.2||Contract High Date||2018-05-02|
|Contract Low||303.7||Contract Low Date||2018-09-18|
|Estimated Volume||6149||First Delivery||2019-06-04|