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Spread Trend Analysis Report

Prepared for you on Saturday, January 18, 2020.

SOYBEAN OIL Jul 2020/Sep 2020 Spread (CBOT:ZL.N20_U20)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

CBOT_ZL.N20_U20
Open High Low ZL.N20_U20 Price Change
-0.17 -0.13 -0.18 -0.14 +0.03
Entry Signal

MarketClub’s Trade Triangles for ZL.N20_U20

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.N20_U20

Based on a pre-defined weighted trend formula for chart analysis, ZL.N20_U20 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for ZL.N20_U20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-0.17 -0.13 -0.18 -0.14 +0.03
Prev. Close Volume Bid Ask Time
-0.11 115 2020-01-17 14:19:09
Open Time20:00Close Time14:20
Get a free daily report for SOYBEAN OIL Jul 2020/Sep 2020 Spread (ZL.N20_U20) - Free Trend Analysis Report.