Future Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
SOYBEAN OIL May 2021 (CBOT:ZL.K21)
Bull Market Weakness (+75) - ZL.K21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZL.K21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZL.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.K21
The long-term trend has been UP since Jul 8th, 2020 at 30.00
The intermediate-term trend has been UP since Nov 4th, 2020 at 34.13
The short-term trend has been DOWN since Nov 25th, 2020 at 37.60
Smart Scan Analysis for ZL.K21
Based on our trend formula, ZL.K21 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).