Future Trend Analysis Report
Prepared for you on Tuesday, January 16, 2018.
SOYBEAN OIL May 2018 (E) (CBOT:ZL.K18.E)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.K18.E
The long term trend has been DOWN since Dec 21st, 2017 at 32.95
The intermediate term trend has been UP since Jan 3rd, 2018 at 34.02
The short term trend has been DOWN since Jan 8th, 2018 at 33.85
Smart Scan Analysis for ZL.K18.E
Based on a pre-defined weighted trend formula for chart analysis, ZL.K18.E scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||37.2||Contract High Date||2016-12-06|
|Contract Low||31.75||Contract Low Date||2016-07-25|
|Estimated Volume||2520||First Delivery||2018-05-31|