Future Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
SOYBEAN OIL Mar 2021 (CBOT:ZL.H21)
Strong Uptrend (+100) - ZL.H21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZL.H21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jul 15th, 2020 at 29.87
The intermediate-term trend has been UP since Oct 25th, 2020 at 34.22
The short-term trend has been UP since Feb 5th, 2021 at 45.00
Smart Scan Analysis for ZL.H21
Based on our trend formula, ZL.H21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).