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Future Trend Analysis Report

Prepared for you on Tuesday, October 16, 2018.

SOYBEAN OIL Aug 2019 (E) (CBOT:ZL.Q19.E)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

CBOT_ZL.Q19.E
Open High Low ZL.Q19.E Price Change
30.87 31.00 30.77 30.86 -0.07
Entry Signal

MarketClub’s Trade Triangles for ZL.Q19.E

long term up The long term trend has been UP since Oct 4th, 2018 at 31.06

intermediate term up The intermediate term trend has been UP since Sep 26th, 2018 at 30.13

short term up The short term trend has been UP since Oct 15th, 2018 at 30.62

Smart Scan Analysis for ZL.Q19.E

Based on a pre-defined weighted trend formula for chart analysis, ZL.Q19.E scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+100
Smart Scan Analysis for ZL.Q19.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.87 31.00 30.77 30.86 -0.07
Prev. Close Volume Bid Ask Time
30.93 559 2018-10-16 14:17:53
Contract High35.15Contract High Date2017-08-25
Contract Low28.43Contract Low Date2018-09-19
Estimated Volume1070First Delivery2019-08-30
Expiration2019-08-14Open Time20:00
Close Time14:20
Want to analyze SOYBEAN OIL Aug 2019 (E) ZL.Q19.E or another symbol? Try our Free Future Trend Analysis Report.