Future Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
SOYBEAN OIL Dec 2023 (CBOT:ZL.Z23)
Bear Market Rally (-75) - ZL.Z23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZL.Z23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZL.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.Z23
The long-term trend has been DOWN since Oct 1st, 2023 at 55.66
The intermediate-term trend has been UP since Nov 20th, 2023 at 53.13
The short-term trend has been DOWN since Dec 1st, 2023 at 52.29
Smart Scan Analysis for ZL.Z23
Based on our trend formula, ZL.Z23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).