Future Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
SOYBEAN OIL Aug 2021 (CBOT:ZL.Q21)
Bull Market Weakness (+75) - ZL.Q21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZL.Q21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZL.Q21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Q21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.Q21
The long-term trend has been UP since Jul 16th, 2020 at 30.23
The intermediate-term trend has been UP since Apr 16th, 2021 at 51.85
The short-term trend has been DOWN since May 10th, 2021 at 60.59
Smart Scan Analysis for ZL.Q21
Based on our trend formula, ZL.Q21 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).