Free Daily Analysis
Future Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
SOYBEAN OIL Mar 2023 (CBOT:ZL.H23)
Strong Downtrend (-100) - ZL.H23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZL.H23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZL.H23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.H23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ZL.H23
The long-term trend has been DOWN since Dec 9th, 2022 at 59.94
The intermediate-term trend has been DOWN since Mar 7th, 2023 at 59.77
The short-term trend has been DOWN since Mar 7th, 2023 at 59.96
Smart Scan Analysis for ZL.H23
Based on our trend formula, ZL.H23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 56.26 | 56.97 | 55.94 | 55.84 | -2.88 |
| Prev. Close | Volume | Bid | Ask | Time |
| 55.90 | 3 | 2023-03-10 10:16:55 |
| Expiration | 2023-03-14 | Open Time | 20:00 |
| Close Time | 14:20 |