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Spread Trend Analysis Report

Prepared for you on Tuesday, June 28, 2022.

SOYBEAN OIL Jan 2024/Mar 2024 Spread (CBOT:ZL.F24_H24)

Long-Term Downtrend (-90) - ZL.F24_H24 is in a strong downtrend that is likely to continue. While ZL.F24_H24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZL.F24_H24?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.F24_H24.

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CBOT_ZL.F24_H24
Open High Low ZL.F24_H24 Price Change
0.23 0.23 0.12 0.22 -0.06
Entry Signal

MarketClub’s Trade Triangles for ZL.F24_H24

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for ZL.F24_H24

Based on our trend formula, ZL.F24_H24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZL.F24_H24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23 0.23 0.12 0.22 -0.06
Prev. Close Volume Bid Ask Time
0.18 92 2022-06-23 14:03:29
Open Time20:00Close Time14:20
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