Future Trend Analysis Report
Prepared for you on Wednesday, June 23, 2021.
SOYBEAN MEAL Oct 2022 (CBOT:ZM.V22)
Long-Term Downtrend (-90) - ZM.V22 is in a strong downtrend that is likely to continue. While ZM.V22 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.V22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.V22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.V22
The long-term trend has been DOWN since Jun 17th, 2021 at 344.0
The intermediate-term trend has been DOWN since May 12th, 2021 at 361.3
The short-term trend has been DOWN since Jun 3rd, 2021 at 363.3
Smart Scan Analysis for ZM.V22
Based on our trend formula, ZM.V22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).