Future Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
SOYBEAN MEAL Dec 2019 (CBOT:ZM.Z19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZM.Z19
The long term trend has been DOWN since Sep 2nd, 2019 at 295.0
The intermediate term trend has been DOWN since Nov 22nd, 2019 at 299.2
The short term trend has been UP since Dec 4th, 2019 at 292.9
Smart Scan Analysis for ZM.Z19
Based on a pre-defined weighted trend formula for chart analysis, ZM.Z19 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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