Future Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
SOYBEAN MEAL Sep 2020 (CBOT:ZM.U20)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.U20
The long term trend has been UP since May 28th, 2019 at 329.5
The intermediate term trend has been DOWN since Oct 30th, 2019 at 317.6
The short term trend has been UP since Nov 13th, 2019 at 316.8
Smart Scan Analysis for ZM.U20
Based on a pre-defined weighted trend formula for chart analysis, ZM.U20 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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