Spread Trend Analysis Report
Prepared for you on Thursday, December 2, 2021.
SOYBEAN MEAL May 2023/Jul 2023 Spread (CBOT:ZM.K23_N23)
Long-Term Downtrend (-90) - ZM.K23_N23 is in a strong downtrend that is likely to continue. While ZM.K23_N23 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.K23_N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.K23_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.K23_N23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for ZM.K23_N23
Based on our trend formula, ZM.K23_N23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Open Time||20:00||Close Time||14:20|