Future Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
SOYBEAN MEAL Dec 2018 (E) (CBOT:ZM.Z18.E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.Z18.E
The long term trend has been UP since Jul 3rd, 2017 at 316.6
The intermediate term trend has been UP since Sep 5th, 2017 at 312.0
The short term trend has been DOWN since Oct 18th, 2017 at 326.2
Smart Scan Analysis for ZM.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, ZM.Z18.E scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||343.4||Contract High Date||2017-07-12|
|Contract Low||298.8||Contract Low Date||2016-04-12|
|Estimated Volume||46||First Delivery||2019-01-03|