Future Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
SOYBEAN MEAL Oct 2019 (CBOT:ZM.V19)
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.V19
The long term trend has been DOWN since Sep 2nd, 2019 at 291.3
The intermediate term trend has been UP since Sep 12th, 2019 at 297.4
The short term trend has been DOWN since Sep 16th, 2019 at 297.1
Smart Scan Analysis for ZM.V19
Based on a pre-defined weighted trend formula for chart analysis, ZM.V19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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