Future Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
SOYBEAN MEAL Jul 2018 (E) (CBOT:ZM.N18.E)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.N18.E
The long term trend has been UP since Feb 11th, 2018 at 353.4
The intermediate term trend has been UP since Apr 1st, 2018 at 388.0
The short term trend has been UP since May 20th, 2018 at 383.1
Smart Scan Analysis for ZM.N18.E
Based on a pre-defined weighted trend formula for chart analysis, ZM.N18.E scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||406.5||Contract High Date||2018-05-01|
|Contract Low||299||Contract Low Date||2015-11-05|
|Estimated Volume||44142||First Delivery||2018-08-02|