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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.

CBOT_ZM.Z23_F24
Open High Low ZM.Z23_F24 Price Change
1.6 2.0 1.6 1.8 +0.8
Entry Signal

MarketClub’s Trade Triangles for ZM.Z23_F24

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.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).

-90
Smart Scan Analysis for ZM.Z23_F24
Strong Downtrend Sideways 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 Time20:00Close Time14:20
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