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Spread Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

SOYBEAN OIL Dec 2022/Mar 2023 Spread (CBOT:ZL.Z22_H23)

Bear Market Rally (-75) - ZL.Z22_H23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZL.Z22_H23 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid ZL.Z22_H23?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Z22_H23.

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

CBOT_ZL.Z22_H23
Open High Low ZL.Z22_H23 Price Change
0.77 0.81 0.69 0.72 +0.03
Entry Signal

MarketClub’s Trade Triangles for ZL.Z22_H23

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.Z22_H23

Based on our trend formula, ZL.Z22_H23 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for ZL.Z22_H23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.77 0.81 0.69 0.72 +0.03
Prev. Close Volume Bid Ask Time
0.77 50 2022-08-08 01:30:03
Open Time20:00Close Time14:20
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