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Spread Trend Analysis Report

Prepared for you on Saturday, November 27, 2021.

SOYBEAN OIL Dec 2022/Jul 2023 Spread (CBOT:ZL.Z22_N23)

Strong Downtrend (-100) - ZL.Z22_N23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZL.Z22_N23?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Z22_N23.

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CBOT_ZL.Z22_N23
Open High Low ZL.Z22_N23 Price Change
0.62 0.68 0.62 0.68 -0.14
Entry Signal

MarketClub’s Trade Triangles for ZL.Z22_N23

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_N23

Based on our trend formula, ZL.Z22_N23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for ZL.Z22_N23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.62 0.68 0.62 0.68 -0.14
Prev. Close Volume Bid Ask Time
0.68 4 2021-11-26 13:03:29
Open Time20:00Close Time14:20
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