Future Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
SOYBEAN OIL May 2019 (E) (CBOT:ZL.K19.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.K19.E
The long term trend has been DOWN since Dec 6th, 2017 at 33.46
The intermediate term trend has been DOWN since Jun 6th, 2018 at 32.19
The short term trend has been UP since Aug 17th, 2018 at 29.50
Smart Scan Analysis for ZL.K19.E
Based on a pre-defined weighted trend formula for chart analysis, ZL.K19.E scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||36.35||Contract High Date||2017-09-05|
|Contract Low||28.86||Contract Low Date||2018-07-13|
|Estimated Volume||2463||First Delivery||2019-05-31|