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Spread Trend Analysis Report

Prepared for you on Monday, June 27, 2022.

SOYBEAN OIL Sep 2022/Jul 2023 Spread (CBOT:ZL.U22_N23)

Strong Downtrend (-100) - ZL.U22_N23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZL.U22_N23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZL.U22_N23?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.U22_N23.

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CBOT_ZL.U22_N23
Open High Low ZL.U22_N23 Price Change
1.68 1.68 1.68 2.17 -0.50
Entry Signal

MarketClub’s Trade Triangles for ZL.U22_N23

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_N23

Based on our trend formula, ZL.U22_N23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for ZL.U22_N23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.68 1.68 1.68 2.17 -0.50
Prev. Close Volume Bid Ask Time
2.17 1 2022-06-23 14:12:35
Open Time20:00Close Time14:20
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