Future Trend Analysis Report
Prepared for you on Wednesday, October 24, 2018.
SOYBEAN OIL Dec 2018 (E) (CBOT:ZL.Z18.E)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.Z18.E
The long term trend has been UP since Oct 3rd, 2018 at 29.79
The intermediate term trend has been UP since Sep 27th, 2018 at 29.00
The short term trend has been DOWN since Oct 18th, 2018 at 29.31
Smart Scan Analysis for ZL.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, ZL.Z18.E scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||36.07||Contract High Date||2017-09-05|
|Contract Low||27.13||Contract Low Date||2018-09-19|
|Estimated Volume||42517||First Delivery||2018-12-31|