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.
MarketClub’s Trade Triangles for ZM.K22
The long-term trend has been DOWN since Jun 22nd, 2021 at 354.9
The intermediate-term trend has been DOWN since May 25th, 2021 at 379.7
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).