Future Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
SOYBEAN MEAL Oct 2024 (CBOT:ZM.V24)
Weak Downtrend (-65) - ZM.V24 is showing signs of a strengthening downtrend. Monitor ZM.V24 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZM.V24?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.V24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.V24
The long-term trend has been UP since Jun 21st, 2023 at 387.4
The intermediate-term trend has been DOWN since Nov 27th, 2023 at 391.2
The short-term trend has been DOWN since Nov 22nd, 2023 at 392.3
Smart Scan Analysis for ZM.V24
Based on our trend formula, ZM.V24 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).