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Spread Trend Analysis Report

Prepared for you on Sunday, November 28, 2021.

SOYBEAN MEAL Dec 2022/Oct 2023 Spread (CBOT:ZM.Z22_V23)

Long-Term Downtrend (-90) - ZM.Z22_V23 is in a strong downtrend that is likely to continue. While ZM.Z22_V23 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.Z22_V23?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.Z22_V23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CBOT_ZM.Z22_V23
Open High Low ZM.Z22_V23 Price Change
25.8 25.8 25.8 21.3 +0.9
Entry Signal

MarketClub’s Trade Triangles for ZM.Z22_V23

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.Z22_V23

Based on our trend formula, ZM.Z22_V23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZM.Z22_V23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.8 25.8 25.8 21.3 +0.9
Prev. Close Volume Bid Ask Time
25.8 3 2021-11-23 12:29:06
Open Time20:00Close Time14:20
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