Future Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
SOYBEAN OIL Mar 2020 (CBOT:ZL.H20)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.
MarketClub’s Trade Triangles for ZL.H20
The long term trend has been DOWN since Feb 3rd, 2020 at 29.88
The intermediate term trend has been DOWN since Jan 15th, 2020 at 33.80
The short term trend has been UP since Feb 14th, 2020 at 31.00
Smart Scan Analysis for ZL.H20
Based on a pre-defined weighted trend formula for chart analysis, ZL.H20 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||20:00||Close Time||14:20|