Future Trend Analysis Report
Prepared for you on Friday, January 21, 2022.
SOYBEAN OIL Mar 2022 (CBOT:ZL.H22)
Long-Term Uptrend (+90) - ZL.H22 is in a strong uptrend that is likely to continue. While ZL.H22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZL.H22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.H22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.H22
The long-term trend has been UP since Jan 21st, 2022 at 63.25
The intermediate-term trend has been UP since Jan 4th, 2022 at 57.23
The short-term trend has been UP since Jan 18th, 2022 at 58.89
Smart Scan Analysis for ZL.H22
Based on our trend formula, ZL.H22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).