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.
MarketClub’s Trade Triangles for ZL.N22_V22
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.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).
|Open Time||20:00||Close Time||14:20|