Future Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
SOYBEAN MEAL Mar 2019 (CBOT:ZM.H19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZM.H19
The long term trend has been DOWN since Jun 13th, 2018 at 347.7
The intermediate term trend has been UP since Jan 4th, 2019 at 317.0
The short term trend has been DOWN since Jan 22nd, 2019 at 312.0
Smart Scan Analysis for ZM.H19
Based on a pre-defined weighted trend formula for chart analysis, ZM.H19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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