Future Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
SOYBEAN OIL Jan 2019 (CBOT:ZL.F19)
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
The long term trend has been DOWN since Nov 20th, 2018 at 27.37
The intermediate term trend has been DOWN since Dec 23rd, 2018 at 27.80
The short term trend has been DOWN since Jan 10th, 2019 at 28.01
Smart Scan Analysis for ZL.F19
Based on a pre-defined weighted trend formula for chart analysis, ZL.F19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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