Future Trend Analysis Report
Prepared for you on Tuesday, June 6, 2023.
SOYBEAN OIL Jul 2023 (CBOT:ZL.N23)
Bull Market Weakness (+75) - ZL.N23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZL.N23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZL.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.N23
The long-term trend has been DOWN since Mar 7th, 2023 at 58.54
The intermediate-term trend has been UP since Jun 4th, 2023 at 49.77
The short-term trend has been UP since Jun 2nd, 2023 at 47.95
Smart Scan Analysis for ZL.N23
Based on our trend formula, ZL.N23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).