Future Trend Analysis Report
Prepared for you on Saturday, June 10, 2023.
SOYBEAN MEAL Jul 2023 (CBOT:ZM.N23)
Strong Downtrend (-100) - ZM.N23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZM.N23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZM.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.N23
The long-term trend has been DOWN since Apr 26th, 2023 at 431.3
The intermediate-term trend has been DOWN since Apr 24th, 2023 at 442.0
The short-term trend has been DOWN since Jun 7th, 2023 at 396.4
Smart Scan Analysis for ZM.N23
Based on our trend formula, ZM.N23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).