Future Trend Analysis Report
Prepared for you on Tuesday, May 30, 2023.
SOYBEAN OIL TAS Jul 2023 (CBOT:ZLT.N23)
Bull Market Weakness (+75) - ZLT.N23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZLT.N23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZLT.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZLT.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZLT.N23
The long-term trend has been DOWN since Apr 12th, 2023 at -0.02
The intermediate-term trend has been UP since Apr 26th, 2023 at 0.01
The short-term trend has been UP since May 26th, 2023 at 0.01
Smart Scan Analysis for ZLT.N23
Based on our trend formula, ZLT.N23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).