Future Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
SOYBEANS May 2024 (CBOT:ZS.K24)
Strong Downtrend (-100) - ZS.K24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZS.K24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZS.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZS.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZS.K24
The long-term trend has been DOWN since Oct 6th, 2023 at 1311.75
The intermediate-term trend has been DOWN since Nov 26th, 2023 at 1356.25
The short-term trend has been DOWN since Nov 24th, 2023 at 1385.00
Smart Scan Analysis for ZS.K24
Based on our trend formula, ZS.K24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).