Free Daily Analysis
Future Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
SOYBEAN MEAL Dec 2022 (CBOT:ZM.Z22)
Sidelines Mode (+55) - ZM.Z22 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZM.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZM.Z22
The long-term trend has been UP since Jul 27th, 2022 at 427.3
The intermediate-term trend has been UP since Jul 10th, 2022 at 408.1
The short-term trend has been DOWN since Aug 15th, 2022 at 407.6
Smart Scan Analysis for ZM.Z22
Based on our trend formula, ZM.Z22 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 400.8 | 403.3 | 399.1 | 399.1 | -2.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 401.1 | 3077 | 2022-08-18 04:35:34 |
| Expiration | 2022-12-14 | Open Time | 20:00 |
| Close Time | 14:20 |