Future Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
SOYBEAN MEAL Jan 2021 (CBOT:ZM.F21)
Bull Market Weakness (+75) - ZM.F21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZM.F21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZM.F21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.F21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.F21
The long-term trend has been UP since Aug 28th, 2020 at 309.4
The intermediate-term trend has been UP since Aug 16th, 2020 at 301.7
The short-term trend has been DOWN since Oct 28th, 2020 at 374.6
Smart Scan Analysis for ZM.F21
Based on our trend formula, ZM.F21 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).