Free Daily Analysis

Spread Trend Analysis Report

Prepared for you on Thursday, January 27, 2022.

SOYBEAN OIL Oct 2023/Dec 2023 Spread (CBOT:ZL.V23_Z23)

Long-Term Downtrend (-90) - ZL.V23_Z23 is in a strong downtrend that is likely to continue. While ZL.V23_Z23 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.V23_Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.V23_Z23.

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

CBOT_ZL.V23_Z23
Open High Low ZL.V23_Z23 Price Change
0.09 0.18 0.09 0.22 +0.12
Entry Signal

MarketClub’s Trade Triangles for ZL.V23_Z23

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.V23_Z23

Based on our trend formula, ZL.V23_Z23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZL.V23_Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09 0.18 0.09 0.22 +0.12
Prev. Close Volume Bid Ask Time
0.18 50 2022-01-26 12:59:27
Open Time20:00Close Time14:20
Get a free daily analysis and signals for SOYBEAN OIL Oct 2023/Dec 2023 Spread (ZL.V23_Z23) - Request Your Free Report.