Future Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
SOYBEAN OIL Dec 2019 (CBOT:ZL.Z19)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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.Z19
The long term trend has been UP since Aug 8th, 2019 at 29.32
The intermediate term trend has been DOWN since Nov 25th, 2019 at 30.41
The short term trend has been UP since Dec 5th, 2019 at 30.21
Smart Scan Analysis for ZL.Z19
Based on a pre-defined weighted trend formula for chart analysis, ZL.Z19 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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