Future Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
SOYBEAN OIL Oct 2020 (CBOT:ZL.V20)
Bear Market Rally (-75) - ZL.V20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZL.V20 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZL.V20?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.V20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.V20
The long-term trend has been DOWN since Feb 3rd, 2020 at 30.97
The intermediate-term trend has been DOWN since Jan 14th, 2020 at 34.60
The short-term trend has been UP since Feb 21st, 2020 at 31.63
Smart Scan Analysis for ZL.V20
Based on our trend formula, ZL.V20 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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