Future Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
SOYBEAN OIL Mar 2024 (CBOT:ZL.H24)
Bear Market Rally (-75) - ZL.H24 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZL.H24 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZL.H24?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.H24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.H24
The long-term trend has been DOWN since Feb 27th, 2023 at 57.30
The intermediate-term trend has been DOWN since Feb 27th, 2023 at 57.39
The short-term trend has been UP since Mar 27th, 2023 at 52.22
Smart Scan Analysis for ZL.H24
Based on our trend formula, ZL.H24 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).