Future Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
SOYBEAN MEAL Sep 2021 (CBOT:ZM.U21)
Weak Downtrend (-65) - ZM.U21 is showing signs of a strengthening downtrend. Monitor ZM.U21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZM.U21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.U21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.U21
The long-term trend has been UP since Jul 1st, 2020 at 303.7
The intermediate-term trend has been DOWN since Aug 7th, 2020 at 296.5
The short-term trend has been DOWN since Aug 3rd, 2020 at 299.6
Smart Scan Analysis for ZM.U21
Based on our trend formula, ZM.U21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).