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Future Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

SOYBEAN OIL Sep 2023 (CBOT:ZL.U23)

Countertrend Up (+85) - ZL.U23 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

CBOT_ZL.U23
Open High Low ZL.U23 Price Change
57.66 58.23 57.63 58.23 +0.21
Entry Signal

MarketClub’s Trade Triangles for ZL.U23

long term up The long-term trend has been UP since Jan 18th, 2022 at 55.32

intermediate term up The intermediate-term trend has been UP since Dec 28th, 2021 at 53.40

short term up The short-term trend has been UP since Jan 18th, 2022 at 54.34

Smart Scan Analysis for ZL.U23

Based on our trend formula, ZL.U23 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for ZL.U23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
57.66 58.23 57.63 58.23 +0.21
Prev. Close Volume Bid Ask Time
57.84 81 2022-01-21 13:59:32
Expiration2023-09-14Open Time20:00
Close Time14:20
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