Spread Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
SOYBEAN OIL Jan 2019/Dec 2019 Spread (CBOT:ZL.F19_Z19.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.F19_Z19.E
The long term trend has been DOWN since at
The intermediate term trend has been DOWN since at
The short term trend has been DOWN since at
Smart Scan Analysis for ZL.F19_Z19.E
Based on a pre-defined weighted trend formula for chart analysis, ZL.F19_Z19.E scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||-1.13||Contract High Date||2018-06-13|
|Contract Low||-1.69||Contract Low Date||2018-06-19|
|Open Time||20:00||Close Time||14:20|