Future Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
SOYBEAN MEAL Oct 2021 (CBOT:ZM.V21)
Long-Term Downtrend (-90) - ZM.V21 is in a strong downtrend that is likely to continue. While ZM.V21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZM.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.V21
The long-term trend has been DOWN since Jun 17th, 2021 at 368.0
The intermediate-term trend has been DOWN since Aug 23rd, 2021 at 346.7
The short-term trend has been DOWN since Sep 30th, 2021 at 336.5
Smart Scan Analysis for ZM.V21
Based on our trend formula, ZM.V21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).