Future Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
SOYBEAN MEAL May 2020 (CBOT:ZM.K20)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.K20
The long term trend has been DOWN since Sep 2nd, 2019 at 302.9
The intermediate term trend has been DOWN since Nov 5th, 2019 at 312.2
The short term trend has been UP since Nov 13th, 2019 at 311.7
Smart Scan Analysis for ZM.K20
Based on a pre-defined weighted trend formula for chart analysis, ZM.K20 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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