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.
MarketClub’s Trade Triangles for ZL.V23_Z23
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.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).
|Open Time||20:00||Close Time||14:20|