Spread Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
SOYBEAN MEAL Jul 2021/Sep 2021 Spread (CBOT:ZM.N21_U21)
Long-Term Downtrend (-90) - ZM.N21_U21 is in a strong downtrend that is likely to continue. While ZM.N21_U21 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.N21_U21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.N21_U21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.N21_U21
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.N21_U21
Based on our trend formula, ZM.N21_U21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Open Time||20:00||Close Time||14:20|