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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.

CBOT_ZL.Z21
Open High Low ZL.Z21 Price Change
61.49 61.90 58.95 59.35 -2.00
Entry Signal

MarketClub’s Trade Triangles for ZL.Z21

long term up The long-term trend has been UP since Jul 17th, 2020 at 30.47

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2021 at 47.99

short term down 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).

+55
Smart Scan Analysis for ZL.Z21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.49 61.90 58.95 59.35 -2.00
Prev. Close Volume Bid Ask Time
61.35 6690 2021-06-16 06:01:31
Expiration2021-12-14Open Time20:00
Close Time14:20
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