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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.

CBOT_ZM.K23
Open High Low ZM.K23 Price Change
325.8 325.8 323.5 323.2 +0.1
Entry Signal

MarketClub’s Trade Triangles for ZM.K23

long term down The long-term trend has been DOWN since Jun 18th, 2021 at 348.5

intermediate term down The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 344.5

short term up 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).

-85
Smart Scan Analysis for ZM.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
325.8 325.8 323.5 323.2 +0.1
Prev. Close Volume Bid Ask Time
323.2 105 2021-10-22 13:25:17
Expiration2023-05-12Open Time20:00
Close Time14:20
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