Future Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
SOYBEAN MEAL Dec 2019 (E) (CBOT:ZM.Z19.E)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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.Z19.E
The long term trend has been DOWN since Jun 15th, 2018 at 329.7
The intermediate term trend has been UP since Nov 16th, 2018 at 323.1
The short term trend has been UP since Nov 28th, 2018 at 321.1
Smart Scan Analysis for ZM.Z19.E
Based on a pre-defined weighted trend formula for chart analysis, ZM.Z19.E scored +50 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||4031||First Delivery||2020-01-03|