Future Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
SOYBEAN OIL Oct 2021 (CBOT:ZL.V21)
Long-Term Uptrend (+90) - ZL.V21 is in a strong uptrend that is likely to continue. While ZL.V21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZL.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.V21
The long-term trend has been UP since Jul 17th, 2020 at 30.28
The intermediate-term trend has been UP since Apr 16th, 2021 at 48.50
The short-term trend has been UP since May 2nd, 2021 at 53.42
Smart Scan Analysis for ZL.V21
Based on our trend formula, ZL.V21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).