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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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZL.K21_N21
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.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).
| 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 Time | 20:00 | Close Time | 14:20 |