Future Trend Analysis Report
Prepared for you on Wednesday, June 16, 2021.
SOYBEAN MEAL Aug 2021 (CBOT:ZM.Q21)
Long-Term Downtrend (-90) - ZM.Q21 is in a strong downtrend that is likely to continue. While ZM.Q21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZM.Q21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.Q21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.Q21
The long-term trend has been DOWN since May 25th, 2021 at 388.8
The intermediate-term trend has been DOWN since May 18th, 2021 at 410.4
The short-term trend has been DOWN since Jun 7th, 2021 at 392.3
Smart Scan Analysis for ZM.Q21
Based on our trend formula, ZM.Q21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).