Future Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
SOYBEAN MEAL Oct 2020 (CBOT:ZM.V20)
Bear Market Rally (-75) - ZM.V20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZM.V20 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZM.V20?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.V20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.V20
The long-term trend has been DOWN since Nov 26th, 2019 at 310.9
The intermediate-term trend has been DOWN since Aug 4th, 2020 at 288.7
The short-term trend has been DOWN since Aug 10th, 2020 at 283.2
Smart Scan Analysis for ZM.V20
Based on our trend formula, ZM.V20 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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