Future Trend Analysis Report
Prepared for you on Tuesday, July 14, 2020.
SOYBEAN OIL May 2021 (CBOT:ZL.K21)
Countertrend Up (+85) - ZL.K21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZL.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZL.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZL.K21
The long-term trend has been UP since Jul 8th, 2020 at 30.0
The intermediate-term trend has been UP since Jul 8th, 2020 at 30.0
The short-term trend has been DOWN since Jul 9th, 2020 at 29.6
Smart Scan Analysis for ZL.K21
Based on our trend formula, ZL.K21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).