Future Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
SOYBEAN OIL Jan 2021 (CBOT:ZL.F21)
Countertrend Up (+85) - ZL.F21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZL.F21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.F21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.F21
The long-term trend has been UP since Jul 7th, 2020 at 29.73
The intermediate-term trend has been UP since Oct 25th, 2020 at 34.31
The short-term trend has been DOWN since Nov 23rd, 2020 at 38.03
Smart Scan Analysis for ZL.F21
Based on our trend formula, ZL.F21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).