Future Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
SOYBEAN MEAL Jan 2021 (CBOT:ZM.F21)
Long-Term Downtrend (-90) - ZM.F21 is in a strong downtrend that is likely to continue. While ZM.F21 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.F21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.F21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.F21
The long-term trend has been DOWN since Nov 18th, 2019 at 315.2
The intermediate-term trend has been DOWN since Jan 29th, 2020 at 311.4
The short-term trend has been DOWN since Feb 21st, 2020 at 307.6
Smart Scan Analysis for ZM.F21
Based on our trend formula, ZM.F21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).