Future Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
SOYBEAN OIL Mar 2021 (CBOT:ZL.H21)
Long-Term Uptrend (+90) - ZL.H21 is in a strong uptrend that is likely to continue. While ZL.H21 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.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 May 11th, 2020 at 27.89
The short-term trend has been UP since Aug 12th, 2020 at 31.14
Smart Scan Analysis for ZL.H21
Based on our trend formula, ZL.H21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).