TFC Commodity Charts
CBOT Soybean Meal (ZM, ECBOT)
Weekly Price Chart
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Charts available for CBOT Soybean Meal (ZM, ECBOT):
Dec. 2014:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Jan. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
March 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
May 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
July 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Aug. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Sept. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Oct. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Dec. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Weekly:  [View Graphic Chart] [View Java Chart]
Monthly:  [View Graphic Chart] [View Java Chart]

You might also be interested in the chart for the floor session for CBOT Soybean Meal (ZM, ECBOT)
 

Most Recent Headlines    [ Complete Futures News ]    Search News:

[ More Soybeans News ]

Contract Specifications:ZM,CBOT
Trading Unit: 100 tons (2,000 lbs/ton)
Tick Size: 10 cents/ton ($10/contract)
Quoted Units: US $ per short ton
Initial Margin: $2,363   Maint Margin: $1,700
Contract Months: Jan, Mar, May, Jul, Aug, Sep, Oct, Dec,
First Notice Day: Last business day of month preceding contract month.
Last Trading Day: The business day prior to the 15th calendar day of the contract month.
Trading Hours: Electronic: 5:00 p.m. - 2:00 p.m. Central Time
Trading in expiring contracts closes at noon on the last trading day.
Daily Limit: +-$20/ton ($2,000/contract), spot month none

Analysis

Fri 10/24/14

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an oversold condition. An oversold reading occurs when the close is nearer to the bottom band than the top band.

Additional Analysis: The market is in oversold territory.

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Short Term: Recently the market has been extremely bearish, however currently the market has lost a some of its bearishness due to the following: the fast moving average slope is up from previous bar, price is above the fast moving average. Its possible that we may see a market rally here. if so, the rally might turn out to be a good short selling opportunity.

Conventional Interpretation - Long Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Long Term: The market is EXTREMELY BEARISH. Everything in this indicator is pointing to lower prices: the fast average is below the slow average; the fast average is on a downward slope from the previous bar; the slow average is on a downward slope from the previous bar; and price is below the fast average and the slow average.

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is below the moving average so the trend is down.

Additional Analysis: Market trend is DOWN.

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is bullish because the SlowK line is above SlowD line.

Additional Analysis: The long term trend is DOWN. The short term trend looks a little bottomy. The fact that the last two bars of SlowK are up and we are trading in a low area of the stochastic is a little bullish short term. A possible short term up move may occur.

Swing Index Indicator:

Conventional Interpretation: The swing index has crossed zero, identifying this bar as a short term pivot point.

Additional Analysis: No additional interpretation.

Volatility Indicator: Volatility is trending up based on a 9 bar moving average.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is DOWN. The short term market trend, based on a 5 bar moving average, is UP. Volume is trending higher, allowing for a pick up in volatility.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (-79.86) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (-79.86) is currently short. The current short position will be reversed when the CCI crosses above zero.

MACD Indicator:

Conventional Interpretation: MACD is in bearish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. MACD is in bearish territory. However, the recent upturn in the MacdMA may indicate a short term rally within the next few bars.

Momentum Indicator:

Conventional Interpretation: Momentum (-38.10) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. Momentum is indicating an oversold market and appears to be slowing, suggesting some strength. A modest upturn is possible here.

Open Interest Indicator: Open Interest is trending up based on a 9 bar moving average. This is normal as delivery approaches and indicates increased liquidity.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (-9.81) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. Rate of Change is indicating an oversold market and appears to be slowing, suggesting some strength. A modest upturn is possible here.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 40.33). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat oversold (RSI is at 40.33). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence here before getting too bullish here.

Stochastic - Fast Indicator:

Conventional Interpretation: The stochastic is bullish because the SlowK line is above SlowD line.

Additional Analysis: The long term trend is DOWN. The short term trend is DOWN. Don't be fooled looking for a bottom here because of this indicator. The stochastic indicator is only good at picking bottoms in a Bull Market (in which we are not). Exit short positions only if some other indicator tells you to.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

Note: The above analysis is computer generated from mathematical formulae, and is provided for educational purposes only. Neither the above, nor any information on this site is intended as a trade recommendation.



Electronic Session   Charts available for CBOT Soybean Meal (ZM, ECBOT):

Dec. 2014:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Jan. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
March 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
May 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
July 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Aug. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Sept. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Oct. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Dec. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Weekly:  [View Graphic Chart] [View Java Chart]
Monthly:  [View Graphic Chart] [View Java Chart]

Intra-day futures & options quotes, and the Historical, Weekly and Monthly charts are also available for CBOT Soybean Meal (ZM, ECBOT) futures.

Floor Session   Charts available for Soybean Meal (SM, CBOT):

Dec. 2014:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Jan. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
March 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
May 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
July 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Aug. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Sept. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Oct. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Dec. 2015:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Jan. 2016:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
March 2016:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
May 2016:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
July 2016:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Aug. 2016:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Sept. 2016:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Oct. 2016:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Dec. 2016:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
July 2017:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Oct. 2017:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Dec. 2017:[View Intraday Chart] [View Graphic Chart] [View Java Chart] [View Historical Chart]
Weekly:  [View Graphic Chart] [View Java Chart]
Monthly:  [View Graphic Chart] [View Java Chart]

Intra-day futures & options quotes, and the Historical, Weekly and Monthly charts are also available for Soybean Meal (SM, CBOT) futures.


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