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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.

CBOT_ZL.K21
Open High Low ZL.K21 Price Change
28.97 29.76 28.97 29.66 +0.46
Entry Signal

MarketClub’s Trade Triangles for ZL.K21

long term up The long-term trend has been UP since Jul 8th, 2020 at 30.0

intermediate term up The intermediate-term trend has been UP since Jul 8th, 2020 at 30.0

short term down 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).

+85
Smart Scan Analysis for ZL.K21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.97 29.76 28.97 29.66 +0.46
Prev. Close Volume Bid Ask Time
29.00 3478 2020-07-14 14:19:57
Expiration2021-05-14Open Time20:00
Close Time14:20
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