Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Wednesday, June 23, 2021.

SOYBEAN MEAL May 2022 (CBOT:ZM.K22)

Long-Term Downtrend (-90) - ZM.K22 is in a strong downtrend that is likely to continue. While ZM.K22 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.K22?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.K22.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CBOT_ZM.K22
Open High Low ZM.K22 Price Change
357.9 357.9 354.8 356.2 -1.1
Entry Signal

MarketClub’s Trade Triangles for ZM.K22

long term down The long-term trend has been DOWN since Jun 22nd, 2021 at 354.9

intermediate term down The intermediate-term trend has been DOWN since May 25th, 2021 at 379.7

short term down The short-term trend has been DOWN since Jun 11th, 2021 at 380.8

Smart Scan Analysis for ZM.K22

Based on our trend formula, ZM.K22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZM.K22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
357.9 357.9 354.8 356.2 -1.1
Prev. Close Volume Bid Ask Time
357.3 303 2021-06-23 05:54:03
Expiration2022-05-13Open Time20:00
Close Time14:20
Get a free daily analysis and signals for SOYBEAN MEAL May 2022 (ZM.K22) - Request Your Free Report.