Future Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
SOYBEAN MEAL Oct 2017 (E) (CBOT:ZM.V17.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.V17.E
The long term trend has been DOWN since Aug 23rd, 2017 at 294.3
The intermediate term trend has been UP since Sep 14th, 2017 at 307.5
The short term trend has been UP since Sep 22nd, 2017 at 310.0
Smart Scan Analysis for ZM.V17.E
Based on a pre-defined weighted trend formula for chart analysis, ZM.V17.E scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||344.9||Contract High Date||2017-07-10|
|Contract Low||272||Contract Low Date||2016-03-01|
|Estimated Volume||8379||First Delivery||2017-11-02|