Future Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
SOYBEAN OIL May 2019 (CBOT:ZL.K19)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZL.K19
The long term trend has been UP since Jan 31st, 2019 at 30.76
The intermediate term trend has been DOWN since Mar 5th, 2019 at 30.01
The short term trend has been DOWN since Mar 14th, 2019 at 29.62
Smart Scan Analysis for ZL.K19
Based on a pre-defined weighted trend formula for chart analysis, ZL.K19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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