Future Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
SOYBEAN OIL Sep 2022 (CBOT:ZL.U22)
Strong Uptrend (+100) - ZL.U22 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZL.U22 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid ZL.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.U22
The long-term trend has been UP since Oct 27th, 2020 at 31.80
The intermediate-term trend has been UP since Apr 20th, 2021 at 45.25
The short-term trend has been UP since Mar 31st, 2021 at 43.93
Smart Scan Analysis for ZL.U22
Based on our trend formula, ZL.U22 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).