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Spread Trend Analysis Report

Prepared for you on Sunday, April 18, 2021.

SOYBEAN OIL May 2021/Jul 2021 Spread (CBOT:ZL.K21_N21)

Long-Term Downtrend (-90) - ZL.K21_N21 is in a strong downtrend that is likely to continue. While ZL.K21_N21 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.K21_N21?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.K21_N21.

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CBOT_ZL.K21_N21
Open High Low ZL.K21_N21 Price Change
2.00 2.14 1.97 2.10 +0.05
Entry Signal

MarketClub’s Trade Triangles for ZL.K21_N21

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.K21_N21

Based on our trend formula, ZL.K21_N21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZL.K21_N21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.00 2.14 1.97 2.10 +0.05
Prev. Close Volume Bid Ask Time
2.11 14627 2021-04-16 14:19:25
Open Time20:00Close Time14:20
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