Future Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
SOYBEAN MEAL Dec 2019 (E) (CBOT:ZM.Z19.E)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.Z19.E
The long term trend has been DOWN since Jun 15th, 2018 at 329.7
The intermediate term trend has been UP since Sep 20th, 2018 at 316.2
The short term trend has been UP since Oct 15th, 2018 at 316.5
Smart Scan Analysis for ZM.Z19.E
Based on a pre-defined weighted trend formula for chart analysis, ZM.Z19.E scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||350.4||Contract High Date||2018-02-21|
|Contract Low||305||Contract Low Date||2017-06-27|
|Estimated Volume||1283||First Delivery||2020-01-03|