Future Trend Analysis Report
Prepared for you on Sunday, January 16, 2022.
SOYBEAN OIL May 2022 (CBOT:ZL.K22)
Sidelines Mode (+55) - ZL.K22 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZL.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.K22
The long-term trend has been DOWN since Dec 1st, 2021 at 55.03
The intermediate-term trend has been UP since Jan 4th, 2022 at 57.28
The short-term trend has been DOWN since Jan 13th, 2022 at 58.09
Smart Scan Analysis for ZL.K22
Based on our trend formula, ZL.K22 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).