Free Daily Analysis

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.

CBOT_ZM.N21_U21
Open High Low ZM.N21_U21 Price Change
10.1 11.6 10.1 11.6 +1.6
Entry Signal

MarketClub’s Trade Triangles for ZM.N21_U21

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down 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).

-90
Smart Scan Analysis for ZM.N21_U21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.1 11.6 10.1 11.6 +1.6
Prev. Close Volume Bid Ask Time
10.1 216 2021-05-17 08:23:52
Open Time20:00Close Time14:20
Get a free daily analysis and signals for SOYBEAN MEAL Jul 2021/Sep 2021 Spread (ZM.N21_U21) - Request Your Free Report.