Future Trend Analysis Report
Prepared for you on Tuesday, September 26, 2023.
SOYBEAN OIL Sep 2023 (CBOT:ZL.U23)
Weak Downtrend (-65) - ZL.U23 is showing signs of a strengthening downtrend. Monitor ZL.U23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZL.U23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.U23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.U23
The long-term trend has been UP since Jul 2nd, 2023 at 60.20
The intermediate-term trend has been DOWN since Sep 8th, 2023 at 63.96
The short-term trend has been DOWN since Aug 30th, 2023 at 66.31
Smart Scan Analysis for ZL.U23
Based on our trend formula, ZL.U23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).