Future Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
SOYBEAN MEAL Dec 2023 (CBOT:ZM.Z23)
Weak Downtrend (-65) - ZM.Z23 is showing signs of a strengthening downtrend. Monitor ZM.Z23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZM.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.Z23
The long-term trend has been UP since Oct 19th, 2023 at 421.2
The intermediate-term trend has been DOWN since Nov 30th, 2023 at 437.8
The short-term trend has been DOWN since Nov 28th, 2023 at 456.7
Smart Scan Analysis for ZM.Z23
Based on our trend formula, ZM.Z23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).