Future Trend Analysis Report
Prepared for you on Saturday, August 19, 2017.
SOYBEAN MEAL Jul 2018 (E) (CBOT:ZM.N18.E)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.N18.E
The long term trend has been UP since Jul 3rd, 2017 at 323.9
The intermediate term trend has been DOWN since Jul 30th, 2017 at 326.2
The short term trend has been DOWN since Aug 10th, 2017 at 318.1
Smart Scan Analysis for ZM.N18.E
Based on a pre-defined weighted trend formula for chart analysis, ZM.N18.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||348.4||Contract High Date||2017-07-12|
|Contract Low||299||Contract Low Date||2015-11-05|
|Estimated Volume||290||First Delivery||2018-08-02|