Future Trend Analysis Report
Prepared for you on Wednesday, October 21, 2020.
SOYBEAN MEAL Oct 2021 (CBOT:ZM.V21)
Long-Term Uptrend (+90) - ZM.V21 is in a strong uptrend that is likely to continue. While ZM.V21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jul 1st, 2020 at 302.2
The intermediate-term trend has been UP since Aug 13th, 2020 at 303.7
The short-term trend has been UP since Oct 14th, 2020 at 326.9
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).