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.
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 Time||20:00||Close Time||14:20|