Future Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
SOYBEAN MEAL Aug 2020 (CBOT:ZM.Q20)
Bear Market Rally (-75) - ZM.Q20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZM.Q20 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZM.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.Q20
The long-term trend has been DOWN since Apr 9th, 2020 at 296.8
The intermediate-term trend has been DOWN since Aug 4th, 2020 at 284.6
The short-term trend has been UP since Aug 11th, 2020 at 283.8
Smart Scan Analysis for ZM.Q20
Based on our trend formula, ZM.Q20 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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