Future Trend Analysis Report
Prepared for you on Wednesday, June 16, 2021.
SOYBEAN OIL Dec 2021 (CBOT:ZL.Z21)
Sidelines Mode (+55) - ZL.Z21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZL.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.Z21
The long-term trend has been UP since Jul 17th, 2020 at 30.47
The intermediate-term trend has been UP since Apr 18th, 2021 at 47.99
The short-term trend has been DOWN since Jun 11th, 2021 at 65.86
Smart Scan Analysis for ZL.Z21
Based on our trend formula, ZL.Z21 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).