Future Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
SOYBEAN MEAL May 2023 (CBOT:ZM.K23)
Countertrend Down (-85) - ZM.K23 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for ZM.K23
The long-term trend has been DOWN since Jun 18th, 2021 at 348.5
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 344.5
The short-term trend has been UP since Oct 22nd, 2021 at 325.7
Smart Scan Analysis for ZM.K23
Based on our trend formula, ZM.K23 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).