Free Daily Analysis
Spread Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
SOYBEAN MEAL Aug 2022/Jan 2023 Spread (CBOT:ZM.Q22_F23)
Weak Downtrend (-65) - ZM.Q22_F23 is showing signs of a strengthening downtrend. Monitor ZM.Q22_F23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZM.Q22_F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.Q22_F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZM.Q22_F23
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.Q22_F23
Based on our trend formula, ZM.Q22_F23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 32.3 | 32.6 | 31.6 | 32.0 | +0.3 |
| Prev. Close | Volume | Bid | Ask | Time |
| 31.7 | 10 | 2022-07-06 05:38:35 |
| Open Time | 20:00 | Close Time | 14:20 |
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