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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.

CBOT_ZM.Q20_Z20
Open High Low ZM.Q20_Z20 Price Change
-8.2 -7.3 -8.6 -7.6 +0.6
Entry Signal

MarketClub’s Trade Triangles for ZM.Q20_Z20

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.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).

-90
Smart Scan Analysis for ZM.Q20_Z20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-8.2 -7.3 -8.6 -7.6 +0.6
Prev. Close Volume Bid Ask Time
-7.0 4615 2020-07-10 14:19:38
Open Time20:00Close Time14:20
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