Future Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
SOYBEAN MEAL Sep 2019 (CBOT:ZM.U19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZM.U19
The long term trend has been DOWN since Mar 1st, 2019 at 313.1
The intermediate term trend has been DOWN since Feb 7th, 2019 at 319.7
The short term trend has been DOWN since Mar 20th, 2019 at 315.8
Smart Scan Analysis for ZM.U19
Based on a pre-defined weighted trend formula for chart analysis, ZM.U19 scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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