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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.

CBOT_ZL.V20
Open High Low ZL.V20 Price Change
31.35 31.82 31.27 31.75 +0.54
Entry Signal

MarketClub’s Trade Triangles for ZL.V20

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 30.97

intermediate term down The intermediate-term trend has been DOWN since Jan 14th, 2020 at 34.60

short term up 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).

-75
Smart Scan Analysis for ZL.V20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
31.35 31.82 31.27 31.75 +0.54
Prev. Close Volume Bid Ask Time
34.77 1489 2020-02-21 14:16:04
First Delivery2020-10-30Expiration2020-10-14
Open Time20:00Close Time14:20
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