Free Daily Analysis

Spread Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

SOYBEAN OIL Jul 2022/Oct 2022 Spread (CBOT:ZL.N22_V22)

Long-Term Downtrend (-90) - ZL.N22_V22 is in a strong downtrend that is likely to continue. While ZL.N22_V22 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.N22_V22?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.N22_V22.

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

CBOT_ZL.N22_V22
Open High Low ZL.N22_V22 Price Change
1.63 1.63 1.63 1.23 +0.14
Entry Signal

MarketClub’s Trade Triangles for ZL.N22_V22

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.N22_V22

Based on our trend formula, ZL.N22_V22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZL.N22_V22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.63 1.63 1.63 1.23 +0.14
Prev. Close Volume Bid Ask Time
1.63 3 2021-05-06 11:24:25
Open Time20:00Close Time14:20
Get a free daily analysis and signals for SOYBEAN OIL Jul 2022/Oct 2022 Spread (ZL.N22_V22) - Request Your Free Report.