Future Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
SOYBEAN MEAL May 2022 (CBOT:ZM.K22)
Bull Market Weakness (+75) - ZM.K22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZM.K22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZM.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.K22
The long-term trend has been UP since Nov 15th, 2021 at 362.0
The intermediate-term trend has been UP since Oct 29th, 2021 at 336.1
The short-term trend has been DOWN since Nov 23rd, 2021 at 357.2
Smart Scan Analysis for ZM.K22
Based on our trend formula, ZM.K22 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).