Future Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
SOYBEAN MEAL Jul 2021 (CBOT:ZM.N21)
Crossroads (-60) - ZM.N21 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZM.N21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.N21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.N21
The long-term trend has been UP since Jul 1st, 2020 at 303.6
The intermediate-term trend has been DOWN since Aug 6th, 2020 at 295.5
The short-term trend has been DOWN since Aug 3rd, 2020 at 298.7
Smart Scan Analysis for ZM.N21
Based on our trend formula, ZM.N21 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).