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Future Trend Analysis Report

Prepared for you on Wednesday, October 5, 2022.

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.

CBOT_ZM.Z23
Open High Low ZM.Z23 Price Change
387.2 387.2 382.3 383.1 -3.6
Entry Signal

MarketClub’s Trade Triangles for ZM.Z23

long term up The long-term trend has been UP since Aug 10th, 2022 at 386.2

intermediate term down The intermediate-term trend has been DOWN since Oct 3rd, 2022 at 381.6

short term down The short-term trend has been DOWN since Sep 30th, 2022 at 382.8

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).

-70
Smart Scan Analysis for ZM.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
387.2 387.2 382.3 383.1 -3.6
Prev. Close Volume Bid Ask Time
386.7 921 2022-10-05 14:16:29
Expiration2023-12-14Open Time20:00
Close Time14:20
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