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Spread Trend Analysis Report
Prepared for you on Friday, May 20, 2022.
SOYBEAN OIL Aug 2022/Jan 2023 Spread (CBOT:ZL.Q22_F23)
Strong Downtrend (-100) - ZL.Q22_F23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZL.Q22_F23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZL.Q22_F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Q22_F23.
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.Q22_F23
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.Q22_F23
Based on our trend formula, ZL.Q22_F23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.47 | 4.48 | 4.35 | 4.28 | -0.46 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.28 | 7 | 2022-05-19 14:14:08 |
| Open Time | 20:00 | Close Time | 14:20 |