Future Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
SOYBEAN OIL Dec 2020 (CBOT:ZL.Z20)
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.Z20
The long term trend has been UP since Aug 8th, 2019 at 30.78
The intermediate term trend has been DOWN since Jan 14th, 2020 at 34.69
The short term trend has been UP since Jan 10th, 2020 at 35.75
Smart Scan Analysis for ZL.Z20
Based on a pre-defined weighted trend formula for chart analysis, ZL.Z20 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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