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Spread Trend Analysis Report
Prepared for you on Tuesday, June 28, 2022.
SOYBEAN MEAL Dec 2023/Jan 2024 Spread (CBOT:ZM.Z23_F24)
Long-Term Downtrend (-90) - ZM.Z23_F24 is in a strong downtrend that is likely to continue. While ZM.Z23_F24 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.Z23_F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.Z23_F24.
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.Z23_F24
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.Z23_F24
Based on our trend formula, ZM.Z23_F24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.6 | 2.0 | 1.6 | 1.8 | +0.8 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.0 | 21 | 2022-06-27 12:29:07 |
| Open Time | 20:00 | Close Time | 14:20 |