Future Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
SOYBEAN MEAL Dec 2022 (CBOT:ZM.Z22)
Long-Term Downtrend (-90) - ZM.Z22 is in a strong downtrend that is likely to continue. While ZM.Z22 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.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.
MarketClub’s Trade Triangles for ZM.Z22
The long-term trend has been DOWN since Jun 17th, 2021 at 342.2
The intermediate-term trend has been DOWN since Sep 30th, 2021 at 342.7
The short-term trend has been DOWN since Oct 22nd, 2021 at 328.9
Smart Scan Analysis for ZM.Z22
Based on our trend formula, ZM.Z22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).