Future Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
SOYBEAN OIL Dec 2020 (CBOT:ZL.Z20)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.Z20
The long term trend has been UP since Feb 7th, 2019 at 32.85
The intermediate term trend has been UP since Jan 23rd, 2019 at 31.09
The short term trend has been DOWN since Feb 11th, 2019 at 32.75
Smart Scan Analysis for ZL.Z20
Based on a pre-defined weighted trend formula for chart analysis, ZL.Z20 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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