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Spread Trend Analysis Report

Prepared for you on Saturday, May 15, 2021.

SOYBEAN OIL Sep 2021/May 2022 Spread (CBOT:ZL.U21_K22)

Long-Term Downtrend (-90) - ZL.U21_K22 is in a strong downtrend that is likely to continue. While ZL.U21_K22 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.U21_K22?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.U21_K22.

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CBOT_ZL.U21_K22
Open High Low ZL.U21_K22 Price Change
4.98 6.04 4.98 5.29 +1.22
Entry Signal

MarketClub’s Trade Triangles for ZL.U21_K22

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.U21_K22

Based on our trend formula, ZL.U21_K22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZL.U21_K22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.98 6.04 4.98 5.29 +1.22
Prev. Close Volume Bid Ask Time
5.29 540 2021-05-12 12:11:19
Open Time20:00Close Time14:20
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