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Spread Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

SOYBEAN OIL Sep 2022/Dec 2022 Spread (CBOT:ZL.U22_Z22)

Bear Market Rally (-75) - ZL.U22_Z22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZL.U22_Z22 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid ZL.U22_Z22?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.U22_Z22.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CBOT_ZL.U22_Z22
Open High Low ZL.U22_Z22 Price Change
2.01 2.12 1.93 2.04 +0.04
Entry Signal

MarketClub’s Trade Triangles for ZL.U22_Z22

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_Z22

Based on our trend formula, ZL.U22_Z22 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for ZL.U22_Z22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.01 2.12 1.93 2.04 +0.04
Prev. Close Volume Bid Ask Time
2.00 621 2022-08-19 07:02:09
Open Time20:00Close Time14:20
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