Future Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
SOYBEAN OIL May 2021 (CBOT:ZL.K21)
Strong Uptrend (+100) - ZL.K21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZL.K21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Feb 5th, 2021 at 44.30
Smart Scan Analysis for ZL.K21
Based on our trend formula, ZL.K21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).