Future Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
SOYBEAN MEAL May 2021 (CBOT:ZM.K21)
Sidelines Mode (-55) - ZM.K21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZM.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.K21
The long-term trend has been DOWN since Oct 30th, 2019 at 317.4
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 301.2
The short-term trend has been UP since May 29th, 2020 at 291.6
Smart Scan Analysis for ZM.K21
Based on our trend formula, ZM.K21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).