Future Trend Analysis Report
Prepared for you on Thursday, May 25, 2017.
SOYBEAN OIL Jul 2017 (E) (CBOT:ZL.N17.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZL.N17.E
The long term trend has been DOWN since Feb 17th, 2017 at 33.89
The intermediate term trend has been UP since Apr 23rd, 2017 at 32.38
The short term trend has been DOWN since May 23rd, 2017 at 32.41
Smart Scan Analysis for ZL.N17.E
Based on a pre-defined weighted trend formula for chart analysis, ZL.N17.E scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||38.76||Contract High Date||2016-12-07|
|Contract Low||28.43||Contract Low Date||2015-08-26|
|Estimated Volume||2591||First Delivery||2017-07-31|