Spread Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
SOYBEAN OIL Dec 2023/Jul 2024 Spread (CBOT:ZL.Z23_N24)
Long-Term Downtrend (-90) - ZL.Z23_N24 is in a strong downtrend that is likely to continue. While ZL.Z23_N24 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.Z23_N24?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.Z23_N24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.Z23_N24
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.Z23_N24
Based on our trend formula, ZL.Z23_N24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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