Future Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
SOYBEAN MEAL Oct 2019 (E) (CBOT:ZM.V19.E)
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.V19.E
The long term trend has been DOWN since Jun 18th, 2018 at 330.6
The intermediate term trend has been DOWN since Nov 26th, 2018 at 315.0
The short term trend has been UP since Nov 28th, 2018 at 320.4
Smart Scan Analysis for ZM.V19.E
Based on a pre-defined weighted trend formula for chart analysis, ZM.V19.E scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||350.6||Contract High Date||2018-05-02|
|Contract Low||307.1||Contract Low Date||2018-09-18|
|Estimated Volume||174||First Delivery||2019-11-04|