Future Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
SOYBEAN MEAL Dec 2018 (E) (CBOT:ZM.Z18.E)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.Z18.E
The long term trend has been UP since Jul 3rd, 2017 at 316.6
The intermediate term trend has been DOWN since May 11th, 2018 at 370.4
The short term trend has been UP since May 22nd, 2018 at 374.8
Smart Scan Analysis for ZM.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, ZM.Z18.E scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||392.5||Contract High Date||2018-05-01|
|Contract Low||298.8||Contract Low Date||2016-04-12|
|Estimated Volume||27145||First Delivery||2019-01-03|