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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.U21_K22
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.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).
|Open Time||20:00||Close Time||14:20|