Future Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
SOYBEANS May 2019 (E) (CBOT:ZS.K19.E)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 ZS.K19.E
The long term trend has been DOWN since May 17th, 2018 at 1000.25
The intermediate term trend has been UP since Sep 20th, 2018 at 891.00
The short term trend has been DOWN since Oct 18th, 2018 at 904.25
Smart Scan Analysis for ZS.K19.E
Based on a pre-defined weighted trend formula for chart analysis, ZS.K19.E scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1051.75||Contract High Date||2018-04-02|
|Contract Low||853||Contract Low Date||2018-09-18|
|Estimated Volume||10359||First Delivery||2019-05-16|