Future Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
SOYBEAN MEAL Dec 2017 (E) (CBOT:ZM.Z17.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.Z17.E
The long term trend has been DOWN since Aug 23rd, 2017 at 295.4
The intermediate term trend has been DOWN since Oct 31st, 2017 at 311.5
The short term trend has been UP since Nov 17th, 2017 at 313.3
Smart Scan Analysis for ZM.Z17.E
Based on a pre-defined weighted trend formula for chart analysis, ZM.Z17.E scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||348.7||Contract High Date||2017-07-10|
|Contract Low||270||Contract Low Date||2016-02-26|
|Estimated Volume||36690||First Delivery||2018-01-03|