Future Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
SOYBEAN MEAL Sep 2020 (CBOT:ZM.U20)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.U20
The long term trend has been UP since May 28th, 2019 at 329.5
The intermediate term trend has been DOWN since Jul 1st, 2019 at 326.0
The short term trend has been DOWN since Jul 16th, 2019 at 328.6
Smart Scan Analysis for ZM.U20
Based on a pre-defined weighted trend formula for chart analysis, ZM.U20 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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