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Future Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

SOYBEAN MEAL May 2023 (CBOT:ZM.K23)

Bull Market Weakness (+75) - ZM.K23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZM.K23 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid ZM.K23?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.K23.

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

CBOT_ZM.K23
Open High Low ZM.K23 Price Change
394.6 394.6 390.0 390.0 -8.0
Entry Signal

MarketClub’s Trade Triangles for ZM.K23

long term up The long-term trend has been UP since Jul 27th, 2022 at 411.8

intermediate term up The intermediate-term trend has been UP since Jul 26th, 2022 at 402.5

short term up The short-term trend has been UP since Aug 12th, 2022 at 397.4

Smart Scan Analysis for ZM.K23

Based on our trend formula, ZM.K23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for ZM.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
394.6 394.6 390.0 390.0 -8.0
Prev. Close Volume Bid Ask Time
397.9 87 2022-08-15 02:16:55
Expiration2023-05-12Open Time20:00
Close Time14:20
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