Future Trend Analysis Report
Prepared for you on Sunday, March 26, 2023.
SOYBEANS Nov 2023 (CBOT:ZS.X23)
Long-Term Downtrend (-90) - ZS.X23 is in a strong downtrend that is likely to continue. While ZS.X23 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 ZS.X23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZS.X23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZS.X23
The long-term trend has been DOWN since Jan 24th, 2023 at 1338.00
The intermediate-term trend has been DOWN since Feb 28th, 2023 at 1359.00
The short-term trend has been DOWN since Mar 9th, 2023 at 1369.25
Smart Scan Analysis for ZS.X23
Based on our trend formula, ZS.X23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).