Future Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
SOYBEAN OIL Jan 2022 (CBOT:ZL.F22)
Long-Term Uptrend (+90) - ZL.F22 is in a strong uptrend that is likely to continue. While ZL.F22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZL.F22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.F22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.F22
The long-term trend has been UP since Jul 28th, 2020 at 29.75
The intermediate-term trend has been UP since Oct 5th, 2021 at 59.11
The short-term trend has been UP since Oct 15th, 2021 at 60.45
Smart Scan Analysis for ZL.F22
Based on our trend formula, ZL.F22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).