Future Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
SOYBEAN MEAL May 2023 (CBOT:ZM.K23)
Sidelines Mode (+55) - ZM.K23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZM.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.K23
The long-term trend has been UP since Jul 27th, 2022 at 411.8
The intermediate-term trend has been DOWN since Mar 17th, 2023 at 466.0
The short-term trend has been UP since Mar 27th, 2023 at 446.6
Smart Scan Analysis for ZM.K23
Based on our trend formula, ZM.K23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).