Free Daily Analysis
Future Trend Analysis Report
Prepared for you on Friday, July 1, 2022.
SOYBEAN OIL Aug 2022 (CBOT:ZL.Q22)
Strong Downtrend (-100) - ZL.Q22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZL.Q22 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZL.Q22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Q22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZL.Q22
The long-term trend has been DOWN since Jun 23rd, 2022 at 65.77
The intermediate-term trend has been DOWN since Jun 15th, 2022 at 76.24
The short-term trend has been DOWN since Jun 30th, 2022 at 67.70
Smart Scan Analysis for ZL.Q22
Based on our trend formula, ZL.Q22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 67.00 | 67.01 | 65.05 | 65.20 | -1.60 |
| Prev. Close | Volume | Bid | Ask | Time |
| 66.80 | 17508 | 2022-07-01 13:06:24 |
| Expiration | 2022-08-12 | Open Time | 20:00 |
| Close Time | 14:20 |