Future Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
SOYBEAN OIL Oct 2017 (E) (CBOT:ZL.V17.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.V17.E
The long term trend has been UP since Jul 2nd, 2017 at 33.71
The intermediate term trend has been DOWN since Sep 18th, 2017 at 34.19
The short term trend has been DOWN since Sep 22nd, 2017 at 33.99
Smart Scan Analysis for ZL.V17.E
Based on a pre-defined weighted trend formula for chart analysis, ZL.V17.E scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||37.91||Contract High Date||2016-12-07|
|Contract Low||28.4||Contract Low Date||2015-08-26|
|Estimated Volume||3349||First Delivery||2017-10-31|