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Spread Trend Analysis Report

Prepared for you on Thursday, July 2, 2020.

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

Bear Market Rally (-75) - ZL.K21_N21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZL.K21_N21 as it may be in the beginning of a reversal.

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.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CBOT_ZL.K21_N21
Open High Low ZL.K21_N21 Price Change
-0.17 -0.14 -0.18 -0.16 -0.01
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 -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for ZL.K21_N21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.17 -0.14 -0.18 -0.16 -0.01
Prev. Close Volume Bid Ask Time
-0.22 281 2020-07-02 13:04:36
Open Time20:00Close Time14:20
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