Future Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
SOYBEAN OIL Mar 2021 (CBOT:ZL.H21)
Bear Market Rally (-75) - ZL.H21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZL.H21 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZL.H21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.H21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.H21
The long-term trend has been DOWN since Feb 2nd, 2020 at 31.69
The intermediate-term trend has been DOWN since Jan 15th, 2020 at 34.62
The short-term trend has been UP since Feb 14th, 2020 at 32.42
Smart Scan Analysis for ZL.H21
Based on our trend formula, ZL.H21 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).