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Future Trend Analysis Report

Prepared for you on Wednesday, December 1, 2021.

SOYBEAN OIL Jan 2023 (CBOT:ZL.F23)

Long-Term Downtrend (-90) - ZL.F23 is in a strong downtrend that is likely to continue. While ZL.F23 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.F23?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.F23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CBOT_ZL.F23
Open High Low ZL.F23 Price Change
53.40 53.88 53.40 53.88 +0.73
Entry Signal

MarketClub’s Trade Triangles for ZL.F23

long term down The long-term trend has been DOWN since Nov 30th, 2021 at 53.68

intermediate term down The intermediate-term trend has been DOWN since Nov 8th, 2021 at 55.60

short term down The short-term trend has been DOWN since Nov 18th, 2021 at 55.22

Smart Scan Analysis for ZL.F23

Based on our trend formula, ZL.F23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZL.F23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
53.40 53.88 53.40 53.88 +0.73
Prev. Close Volume Bid Ask Time
53.15 4 2021-12-01 04:39:13
Expiration2023-01-13Open Time20:00
Close Time14:20
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