Future Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
SOYBEAN OIL May 2020 (CBOT:ZL.K20)
Bull Market Weakness (+75) - ZL.K20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZL.K20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZL.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.K20
The long-term trend has been DOWN since Feb 3rd, 2020 at 30.25
The intermediate-term trend has been UP since Apr 6th, 2020 at 27.15
The short-term trend has been UP since Apr 6th, 2020 at 26.62
Smart Scan Analysis for ZL.K20
Based on our trend formula, ZL.K20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Open Time||20:00||Close Time||14:20|