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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.
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MarketClub’s Trade Triangles for ZL.Z22_H23
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.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).
| 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 Time | 20:00 | Close Time | 14:20 |