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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.

CBOT_ZL.Q20
Open High Low ZL.Q20 Price Change
27.53 27.68 27.31 27.57 +0.06
Entry Signal

MarketClub’s Trade Triangles for ZL.Q20

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 30.78

intermediate term up The intermediate-term trend has been UP since May 10th, 2020 at 26.92

short term up 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).

+70
Smart Scan Analysis for ZL.Q20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.53 27.68 27.31 27.57 +0.06
Prev. Close Volume Bid Ask Time
27.57 8900 2020-05-29 14:19:50
First Delivery2020-08-31Expiration2020-08-14
Open Time20:00Close Time14:20
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