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Spread Trend Analysis Report

Prepared for you on Tuesday, January 18, 2022.

SOYBEAN OIL Sep 2022/Jan 2023 Spread (CBOT:ZL.U22_F23)

Strong Downtrend (-100) - ZL.U22_F23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZL.U22_F23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZL.U22_F23?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.U22_F23.

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CBOT_ZL.U22_F23
Open High Low ZL.U22_F23 Price Change
0.80 0.80 0.80 0.82 -0.09
Entry Signal

MarketClub’s Trade Triangles for ZL.U22_F23

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.U22_F23

Based on our trend formula, ZL.U22_F23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for ZL.U22_F23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.80 0.80 0.80 0.82 -0.09
Prev. Close Volume Bid Ask Time
0.82 3 2022-01-05 17:28:42
Open Time20:00Close Time14:20
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