Future Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
SOYBEAN OIL Jan 2022 (CBOT:ZL.F22)
Crossroads (-60) - ZL.F22 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZL.F22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.F22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.F22
The long-term trend has been UP since Jul 28th, 2020 at 29.75
The intermediate-term trend has been DOWN since Nov 5th, 2021 at 58.83
The short-term trend has been DOWN since Nov 26th, 2021 at 59.21
Smart Scan Analysis for ZL.F22
Based on our trend formula, ZL.F22 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).