Future Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
SOYBEAN OIL Jan 2020 (CBOT:ZL.F20)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZL.F20
The long term trend has been UP since Aug 8th, 2019 at 29.52
The intermediate term trend has been DOWN since Jan 14th, 2020 at 33.54
The short term trend has been DOWN since Jan 6th, 2020 at 34.50
Smart Scan Analysis for ZL.F20
Based on a pre-defined weighted trend formula for chart analysis, ZL.F20 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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