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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.F24_H24
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
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).
|Open Time||20:00||Close Time||14:20|