Future Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
SOYBEAN MEAL Sep 2022 (CBOT:ZM.U22)
Bear Market Rally (-75) - ZM.U22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZM.U22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZM.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.U22
The long-term trend has been DOWN since Jun 22nd, 2021 at 349.0
The intermediate-term trend has been DOWN since May 13th, 2021 at 372.0
The short-term trend has been UP since Oct 15th, 2021 at 328.8
Smart Scan Analysis for ZM.U22
Based on our trend formula, ZM.U22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).