Future Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
SOYBEAN OIL Oct 2019 (CBOT:ZL.V19)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZL.V19
The long term trend has been DOWN since Apr 23rd, 2019 at 29.08
The intermediate term trend has been UP since May 30th, 2019 at 28.15
The short term trend has been DOWN since Jun 24th, 2019 at 28.77
Smart Scan Analysis for ZL.V19
Based on a pre-defined weighted trend formula for chart analysis, ZL.V19 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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