Spread Trend Analysis Report
Prepared for you on Sunday, July 12, 2020.
SOYBEAN MEAL Aug 2020/Dec 2020 Spread (CBOT:ZM.Q20_Z20)
Long-Term Downtrend (-90) - ZM.Q20_Z20 is in a strong downtrend that is likely to continue. While ZM.Q20_Z20 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.Q20_Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.Q20_Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.Q20_Z20
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.Q20_Z20
Based on our trend formula, ZM.Q20_Z20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Open Time||20:00||Close Time||14:20|