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Future Trend Analysis Report

Prepared for you on Thursday, October 18, 2018.

SOYBEAN OIL Oct 2018 (E) (CBOT:ZL.V18.E)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

CBOT_ZL.V18.E
Open High Low ZL.V18.E Price Change
28.47 28.47 28.47 29.04 +0.31
Entry Signal

MarketClub’s Trade Triangles for ZL.V18.E

long term up The long term trend has been UP since Oct 3rd, 2018 at 29.51

intermediate term up The intermediate term trend has been UP since Sep 27th, 2018 at 28.73

short term down The short term trend has been DOWN since Oct 8th, 2018 at 29.06

Smart Scan Analysis for ZL.V18.E

Based on a pre-defined weighted trend formula for chart analysis, ZL.V18.E scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for ZL.V18.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.47 28.47 28.47 29.04 +0.31
Prev. Close Volume Bid Ask Time
29.04 32 2018-10-12 17:02:57
Contract High36.11Contract High Date2017-09-07
Contract Low26.88Contract Low Date2018-09-19
Estimated Volume107First Delivery2018-10-31
Expiration2018-10-12Open Time20:00
Close Time14:20
Want to analyze SOYBEAN OIL Oct 2018 (E) ZL.V18.E or another symbol? Try our Free Future Trend Analysis Report.