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Future Trend Analysis Report

Prepared for you on Friday, November 17, 2017.

SOYBEAN OIL Dec 2017 (E) (CBOT:ZL.Z17.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.

CBOT_ZL.Z17.E
Open High Low ZL.Z17.E Price Change
34.52 34.65 34.15 34.44 +0.01
Entry Signal

MarketClub’s Trade Triangles for ZL.Z17.E

long term down The long term trend has been DOWN since Oct 2nd, 2017 at 32.48

intermediate term down The intermediate term trend has been DOWN since Nov 14th, 2017 at 34.04

short term up The short term trend has been UP since Nov 16th, 2017 at 34.83

Smart Scan Analysis for ZL.Z17.E

Based on a pre-defined weighted trend formula for chart analysis, ZL.Z17.E scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for ZL.Z17.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
34.52 34.65 34.15 34.44 +0.01
Prev. Close Volume Bid Ask Time
34.46 51948 2017-11-17 14:15:30
Contract High37.85Contract High Date2016-12-07
Contract Low28.25Contract Low Date2015-08-25
Estimated Volume54590First Delivery2017-12-29
Expiration2017-12-14Open Time20:00
Close Time14:20
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