Future Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
SOYBEAN OIL Aug 2020 (CBOT:ZL.Q20)
Bull Market Weakness (+75) - ZL.Q20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZL.Q20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZL.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.Q20
The long-term trend has been DOWN since Feb 3rd, 2020 at 30.78
The intermediate-term trend has been UP since May 10th, 2020 at 26.92
The short-term trend has been UP since May 26th, 2020 at 27.32
Smart Scan Analysis for ZL.Q20
Based on our trend formula, ZL.Q20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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